Crypto license services / Jurisdictions
Crypto license services / Jurisdictions
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MSB • Registration
Canada
+0.5 Strong−0.5…+0.5 Balanced< −0.5 Overpriced
View all productsCrypto license services / Ready-made companies
MSB • Ready-made company
Canada
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Crypto license services / Legal & Structuring
Legal
Structuring
Compliance
Tokenization Services
Gambling license services / Jurisdictions
Gambling license services / Jurisdictions
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Gofaizen & Sherle helps you identify the permissions your crypto business needs in Australia and prepare the required applications. Our support covers AUSTRAC VASP registration, ASIC licensing assessment and AML/CTF compliance.
Assessment considers your customers, target markets and the services you plan to provide.
May fit
May not fit
Your business may need more than one registration or license.
| Registration or License | When It Applies |
|---|---|
| AUSTRAC VASP registration | Providing designated virtual asset services with an Australian geographical link. Registration addresses anti-money laundering and counter-terrorism financing (AML/CTF) obligations. |
| Australian financial services license (AFSL) | Providing relevant financial services involving financial products. The assets’ rights and business arrangements determine coverage. Exemptions or acting as an authorized representative may apply. |
| Australian market license | Operating a facility where offers to buy or sell financial products are regularly made or accepted, unless exempt. |
| Clearing and settlement facility license | Providing a regular mechanism for parties to financial-product transactions to meet prescribed obligations to each other, unless exempt. This is separate from custody. |
Coverage depends on the services your business provides and their connection to Australia.
AUSTRAC’s designated services include:
Classification depends on function, control and the company’s role in the transaction. A model is more likely to fall within Article 15 quater when the company stores or controls virtual assets, executes transfers, intermediates exchange, moves fiat for customers or has a direct financial-service relationship with them. Labels such as “software” or “non-custodial” do not decide the result.
Separate rules may apply when the product performs payment services or involves securities. Tokenization is therefore a secondary use case here. The analysis starts with the rights represented by the token, the issuance and distribution model, custody and payment flows, not with the tokenization label itself.
The Digital Assets Framework (DAF) introduces new AFSL authorizations from April 8, 2027. It covers digital asset platforms (DAPs) holding clients’ tokens and tokenized custody platforms (TCPs) representing underlying assets held for clients as tokens.
The future exemption for issuing a DAP requires all four conditions:
Entry value means market value when a token enters the platform, rather than its continuously updated value. Regulations may increase the statutory thresholds. This exemption does not remove AUSTRAC obligations.
Licensing and regulatory consultants coordinating the corporate, compliance, filing and operational-readiness workstreams.
Assessment & Structure
Registration & Documentation
Compliance Framework
Operational Readiness
The crypto license cost in Australia includes application work and the resources needed to operate compliantly.
| Category | Cost Driver |
| Government fees | Route and filing type |
| Professional work | Agreed assessment and application tasks |
| Third parties | Formation and required local support |
| Compliance costs | Staff, systems and implementation |
Compare VASP registration cost quotations by the work and expenses included.
You describe services and asset flows.
Gofaizen & Sherle identifies the route and agrees the work.
Gofaizen & Sherle helps develop the selected corporate structure and prepare the required documents.
The applicable application goes to AUSTRAC or ASIC.
You answer regulatory questions with our support. The authority may approve, impose conditions or refuse.
You implement required controls before launch.
Ownership & Management
Founders, shareholders and ultimate beneficial owners (UBOs) · Directors and responsible managers · Countries of residence
Business Model
Business plan and revenue model · Products and services · How customer assets are held and controlled
Transactions & Markets
Fiat and crypto transaction flows · Expected transaction volumes · Customer types, countries and target markets
Compliance & Banking
Existing AML/CTF risk assessment and policies · Customer verification and transaction monitoring procedures · Banking needs and existing arrangements
Project assessment
Structuring & Classification
Documentation
Implementation support
AUSTRAC may take up to 90 days to assess an application.
A request for further information restarts that period when you provide it. Document preparation, company setup and bank review add time. The regulator’s assessment period is not a launch date.
Australian Digital Asset Regulation
AML/CTF law. The AML/CTF Act 2006 and AUSTRAC Rules govern registration and financial-crime controls for covered virtual asset services under AUSTRAC supervision.
Financial services law. The Corporations Act 2001 governs financial products and services. ASIC INFO 225 explains when digital assets fall within these rules. RG 1 guides AFSL applications and variations.
Future platform rules. The Corporations Amendment (Digital Assets Framework) Act 2026, or DAF Act 2026, introduces DAP/TCP licensing requirements commencing April 8, 2027.
AUSTRAC registration does not replace an AFSL where one is required.
| Date | Regulatory Position |
|---|---|
| March 31, 2026 | Digital currency exchange registrations automatically became VASP registrations. |
| July 1, 2026 | AML/CTF obligations began for newly regulated virtual asset services; existing fiat-to-virtual exchange services transitioned on March 31. |
| September 30, 2026 | ASIC’s qualifying no-action deadline passed. Timely qualifying applicants may remain covered until grant, refusal, withdrawal or rejection, subject to the letter’s conditions and service exclusions. |
| April 8, 2027* | DAP/TCP rules commence. Draft implementation standards remain under consultation. |
Operators must maintain:
VASP registration lasts three years. Apply for renewal within the 90 days before expiry. A timely application preserves registration while AUSTRAC decides.
* From April 8, 2027, the new amendments have a six-month transition for services without corresponding AFSL authorization. A grant or variation application during that period extends the delay until the day after ASIC’s decision. Without an application, the amendments apply after six months. Current financial-services and AML duties continue.
Crypto held for trading, mining or exchange business is generally trading stock. Business investments may instead attract capital gains tax.
Company tax is generally 30%. The 25% rate applies to qualifying base rate entities with aggregated turnover below A$50 million and base rate entity passive income no greater than 80% of assessable income. Goods and services tax (GST) liabilities or purchase credits may arise from business transactions. Registration creates no blanket GST exemption.
The Travel Rule requires payer and payee information for covered transfers.
Institutions sending and receiving transfers identify wallet types and assess counterparties. Transfers to unlawfully operating custodial providers are prohibited. March 31, 2029 concerns reporting for unverified self-hosted wallet transfers only. It does not defer wallet checks, suspicious matter reports or the broader Travel Rule.
Launching without required permissions creates regulatory risk, even while future DAF rules are pending. ASIC’s conditional no-action position is not a license or immunity from third-party action.
Compare jurisdictions by your services, customer markets and registration requirements.
| Market | Main Consideration |
|---|---|
| Australia | Designated services, plus a separate financial-product assessment. |
| Montana, USA | No state money transmitter license. Covered crypto businesses still need federal FinCEN MSB registration and AML compliance. Other states’ requirements may apply. |
| Canada | FINTRAC MSB registration covers qualifying crypto exchange and transfer services. Provincial, securities and payment requirements need separate assessment. |
| Costa Rica | Assess VASP registration and AML obligations under Law 10961, including applicable implementing rules. |
| El Salvador | Bitcoin services use the BCR registration route. Services involving other digital assets fall under the separate CNAD framework. |
| Panama | Company formation requires a separate review of planned activities. Banking, securities or other regulated services may need additional permission. |
Establishing a business abroad does not remove Australian obligations if your services retain the required Australian connection.
Possibly. Australian geographical links and your chosen entity determine obligations, including any corporate residence and address requirements.
No, if you apply within the 90-day window before expiry, registration continues until AUSTRAC decides.
No. ASIC assesses the rights and benefits attached to the token and the financial services you provide.
Size alone does not exempt designated services. The future limited DAP issuance exemption concerns AFSL, not AUSTRAC registration.
For a service without corresponding authorization, applying during the six-month transition delays the new amendments until the day after ASIC decides. Existing duties remain.
Confirm certification, translation and apostille formalities for the particular document, applicant and receiving authority before arranging them.
The route determines application work and compliance needs. Agree deliverables before treating a quote as the total budget.
Provide the requested information. AUSTRAC’s assessment period restarts for up to 90 days when you supply it.
Not universally. Frequency must reflect risk, at least every three years, with transitional rules for first evaluations.
Keep transaction histories, valuations and explanations of asset flows. They support questions about activity and tax treatment.
Ready-Made Crypto Company in Australia
Gofaizen & Sherle coordinates checks and transfer work for a proposed acquisition. A virtual asset service provider (VASP) provides services such as exchanging or holding virtual assets for customers.
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AUSTRAC VASP Registration in Australia
Gofaizen & Sherle supports businesses applying for AUSTRAC VASP registration in Australia. We assess which requirements apply to your services, prepare the application and develop AML/CTF policies for your operations.
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VASP License Support
Find where and how your virtual asset business can operate
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Client Testimonials
Excellent service! The communication is fast and friendly, we are very satisfied with received comprehensive package of services such as legal consulting, full turnkey crypto company formation in Lithuania, assistance in bank account opening for "high risk" business, human resources acquisition etc. Highly recommended!
Roman Potemkin
Founder & CEO. TRASTRA
Case study
Services Provided: End-to-end VASP and MiCA licensing support in Lithuania, including share transfer, corporate structuring, AML/KYC framework development, FNTT reporting, legal advisory, HR recruitment, payroll, and accounting services.
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