Transactional banking technology provider iSignThis has stated its approval of Australia’s recently announced bill to strengthen the country’s money laundering laws, including bringing bitcoin providers under the remit of AUSTRAC, the government's financial intelligence unit.
The company is an EU regulated Monetary Financial Institution that provides anti-money laundering transaction monitoring, payment processing and remote enhanced due diligence for digital currency exchanges in both the US and the EU.
It currently provides these services to digital currency companies Coinify.com and Blockchain.info.
“The proposed Australian bill will align Australia with Japanese legislation and the proposed EU legislation, and we believe will bring important community benefits along with certainty to the digital currency sector,” the company said. “It will likely facilitate regulated growth for the sector and for service providers such as us.”
