Please look up 4 messages in this thread

Our registration/license/approval is publicly available.

It can be seen by downloading our pitch deck here: https://tagz.com/wp-content/uploads/tagz_pitch_deck.pdf.
A copy of our genuine ASIC certificate is included in our whitepaper too here: https://tagz.com/wp-content/uploads/tagz_whitepaper.pdf

Correct although legally we are marketing an ICO, we are indeed regulated and registered which more suggests an STO, although we are not offering equity in TAGZ the company at this stage. The native TAGZ Token is a utility token much the same way as Binance's BNB Token works to reduce fees and offer extra liquidity on the exchange.

In order to operate an exchange in Australia, depending on what services are offered, an active AML/CTF program with AUSTRAC reporting and registration with ASIC along with KYC requirements are a pre-requisite to having approval in place. Our ICO is a means to gain the funding needed in order to build the exchange and on-board users as per our roadmap.

I hope this answers your question and clears up any confusion.

Thanks for your interest!