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Author Topic: AUD to BTC exchange - legalities and methods?  (Read 3269 times)
RJau
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July 29, 2011, 05:32:40 PM
 #21

Being from Australia I've been looking into the possibility of an aussie exchange.

Unfortunately the process of setting up an FX exchange required a licence, which requires 3 years of experience.

http://www.holleynethercote.com.au/HN/Financial-Services/Provide-Foreign-Exchange-in-Australia.aspx

And from what I have read there does not appear to be any minimum amount of trading that can be done without a licence.

The other option is to insist it is not currency, but then you will need to deal with GST.

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