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Is it necessary to have a banking account to obtain a license?Yes. It’s a necessary preparatory step for obtaining a license. Reporting and monitoring. Regulation requires cryptocurrency companies to keep detailed records of all transactions and regularly report suspicious and significant transactio...

Key aspects of ASIC regulation include: After the application is submitted, the regulator conducts a diligence to assess the company’s compliance with the established requirements and standards. During this period, additional information or clarification of the submitted data may be required. Regula...