AUDM is regulated in Australia. Macropod holds an Australian Financial Services Licence (AFSL) to issue AUDM and is registered as a digital currency exchange with AUSTRAC.

Australian Financial Services Licence (AFSL)

ASIC has expressed a view that it considers fiat-pegged, non-yield-bearing stablecoins such as the AUDM token to be a “non-cash payment facility” and therefore a “financial product” that is covered by Chapter 7 of the Corporations Act 2001 (Cth).

This means that, in order to issue an AUDM token, Macropod holds an Australian Financial Services Licence (AFSL 566313).

AUSTRAC Registration

Macropod is also registered as a digital currency exchange with the Australian Transaction Reports and Analysis Centre (AUSTRAC) (DCE100887005-001).