EN#0366 – Australian VASP, regulated by AUSTRAC, non-operational, for sale

An opportunity to acquire an Australian AUSTRAC-registered Virtual Asset Service Provider (VASP), providing a ready-made regulatory platform for buyers seeking access to the Australian digital asset market. The entity was registered in 2020 and previously traded for several years but has remained inactive for the last 12+ months. The AUSTRAC VASP registration is due for renewal in 2028.

Key Highlights: 

• Company Profile: Australian entity registered with AUSTRAC as a VASP, established to provide cryptocurrency exchange and related virtual asset services in accordance with Australian AML/CTF laws. No known issues, enforcement actions, or regulatory concerns with AUSTRAC.
• Regulatory Position: The AUSTRAC registration may permit regulated virtual asset services in Australia, including:

                  –  Exchange between fiat currency and virtual assets
                  –  Exchange between one or more forms of virtual assets
                  – Transfer of virtual assets
                  – Administration of virtual assets or instruments enabling control over virtual assets
                  – Other designated services under Australian AML/CTF legislation 

•  Operational Status: The entity is currently dormant, with no clients or trading activity in the last 12+ months. 
• Compliance Framework: AML/CTF, KYC, compliance, and risk management policies are in place. These would require updating to reflect Australia’s recent AML/CTF reforms before operations commence. Assistance with updating the policies may be provided if required. 
•  Financial Position: The entity has no known debts or financial liabilities. There is currently no prescribed minimum regulatory capital requirement for the AUSTRAC registration. 
•  Cost Profile: Annual costs are approx. AUD 500 for ASIC and AUD 2.5k for accounting. Additional monthly costs may apply if a nominee director or compliance officer is appointed. 

This Australian AUSTRAC-registered VASP represents an attractive acquisition opportunity for cryptocurrency exchanges, fintech groups, digital asset businesses, and investors seeking a faster pathway to establish a presence in the Australian virtual asset market through an existing registered entity. 

For further information on the sale of this Saint Lucia entity, please contact our Mergers & Acquisitions team at info@salvusfunds.com.  More entities for sale can be found within our  Entity Acquisition or Sale  service.

SALVUS Funds’ teams can be engaged for guiding on new license authorizations for investment, payments or crypto-asset services, ongoing regulatory compliance consultancy for such licensed entities, and support in successfully acquiring ready-made regulated entities. 

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