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Regulatory Information

Our License Display

What is ASIC

As an independent government agency, the ASIC exercises its function of financial regulation for all Australia-based financial systems, institutions, and professionals according to laws. ASIC was established in 2001 in accordance with the Act of Australian Securities & Investments Commission approved by the Parliament of Australia. As an important, premium license, the ASIC license is a must-have license for many major platforms and exchanges.

ASIC Official website address: https://asic.gov.au/

 

It provides services within those specified in the license for clients based on the service conditions of relevant financial license. Generally, it can provide financial services provided by an authorized representative. Such services include but not limited to:
  • Reception and transfer of funds
  • Execution of orders on behalf of clients
  • Trusteeship or deposit services
  • Transactions of financial products
  • Markets for financial products
  • Suggestions on financial products for clients

Regulatory Information

On March 18, 2013, FinCEN published the Application of FinCEN’s Regualations to Persons Administering, Exchanging, or UsingVirtual Currencies. MSB stands for Money Services Business and is regulated by FinCEN (Financial Crimes Enforcement Bureau, an agency of the U.S. Department of the Treasury). All businesses related to money services must apply for this license.

License introduction

The MSB (Money ServicesBusiness) license is a financial license issued by FinCEN (Financial Crimes Enforcement Bureau, a division of the U.S. Department of Treasury), which regulates money services related businesses and companies. The scope includes international remittances, foreign exchange, currency transactions/transfers (including digital/virtual currencies), ICO issuance, providing prepaid items, issuing traveler’s checks, and other businesses.

U.S. MSB license search website: https://www.fincen.gov/msb-state-selector