HiveEx.com and HiveSpend.com registered with Australia’s financial intelligence agency, AUSTRAC

Published on
April 24, 2018

Australian-owned cryptocurrency brokerage trading service, HiveEx.com, is the latest business to be registered with Australia’s financial intelligence agency, AUSTRAC.

For immediate release, Tuesday, April 24, 2018, Sydney, Australia – Australian-owned cryptocurrency brokerage trading service, HiveEx.com, is the latest business to be registered with Australia’s financial intelligence agency, AUSTRAC.

HiveEx.com is a global brokerage service for large cryptocurrency trades of more than $50,000. It was founded in February 2018, and has already processed close to $3 million in transactions.

HiveEx.com also launched a cryptocurrency bill payments service this month (April 2018), called HiveSpend.com. The service allows people to use their cryptocurrency to pay their Australian bills through BPAY. It is the first bill payments service for cryptocurrency registered with AUSTRAC.

HiveEx.com and HiveSpend.com are owned by the co-founders of finder.com.au, Fred Schebesta and Frank Restuccia.

Mr Schebesta said they are thrilled to be officially registered with AUSTRAC.

“Cryptocurrency is the future of banking, and regulation for the industry is a necessity. It will drive the world’s banking revolution forward.

“Regulation brings best practice standards across the board, and will build consumer confidence, credibility and trust through legitimacy.

“We were already following compliance guidelines including a customer identity verification provider in accordance with AUSTRAC’s anti-money laundering and counter-terrorism financing

(AML/CTF) program. It’s great to be officially registered and part of this incredible journey.”

Australia is the 12th biggest bitcoin economy in the world according to Coinhills.com, with 0.11% of all bitcoin traded in the past 24 hours was the Australian Dollar.

“Australia is one of the largest cryptocurrency markets in the world, which is why it’s so important for our government to recognise and regulate this asset class.”

Written by
Michelle Hutchison
Global Head of Communication

PH: +61 403 192 994

michelle@hiveex.com
Contact
For further information, enquiries or comments, please contact:
Michelle Hutchison
Global Head of Communication
PH: +61 403 192 994
E: michelle@hiveex.com
About HiveEx.com
HiveEx.com is an over the counter (OTC) cryptocurrency trading desk, aimed at Sophisticated/Accredited Investors, which buys and sells large volumes of cryptocurrency, at a fixed price. HiveEx.com is a subsidiary of Hive Empire Pty Ltd, which also owns comparison websites finder.com.au and finder.com.
HiveEx.com HQ is located in Sydney, Australia
Level 10, 99 York St, Sydney, Australia
ACN: 642 470 417

With Offices in the US
32 East 31st, 4th Floor New York NY 10016

United Kingdom
Sussex Centre, 11th Floor,No1 Croydon, 12-16 Addiscombe Rd, Croydon, London, England CR0 0XT

The Phillipines
Suite 16-17, Level 7, Lepanto Building8749 Paseo de Roxas, Makati Metro Manila 1226 Philippines

And Poland
Komandorska 12ul. Komandorska 12 (level 3) 50 – 022 Wrocław

View our client terms and conditions

Hive Empire Trading Pty Ltd (trading as HiveEx.com) is a subsidiary of Hive Empire Ventures Pty Ltd.

Hive Empire Trading Pty Ltd (trading as HiveEx.com) is registered with AUSTRAC, since April 23, 2018.

© Copyright 2017 Hive Empire Trading Pty Ltd
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