***Please note: I require an Australian legal professional to assist me with this.***
I am setting up a service whereby we will be holding cryptocurrency on behalf of a beneficiary. We receive money from a third party into a wallet and remit those funds to the beneficiary. We would like to understand our obligations and understand if this will require an Australian Financial Services License. We are unsure if the provision “provide a custodial or depository service for example, holding a financial product, or a beneficial interest in a financial product on trust for a client” applies to us. We would like advice on interpreting the legislation to better understand our obligations. If we are required to obtain an AFSL, we would like to know if there are any exemptions we fall under and the bare minimum we need to do in order to comply.
9 freelancers are bidding on average $331 for this job
Dear Sir/Madam, I am an IT & Telecom lawyer and have experience in Fintech. I can advise you on your queries with a sound legal support so that you start your business with peace of mind, at least from legal front.