What Is a DCE Registration, and Do You Need One?

An explainer on the Digital Currency Exchange license, AUSTRAC requirements, and the process from end to end.

Jee Aik Ng

3/6/20232 min read

Don’t launch your crypto business in Australia until you understand this one crucial legal requirement.

If you're building a crypto exchange, token platform, or digital wallet in Australia, you’ve probably heard the term “DCE Registration” thrown around. But what is it exactly, who needs it, and what happens if you don’t have it?

Here’s what every Web3 founder, fintech builder, and investor needs to know.


What Is a DCE Registration?

A DCE (Digital Currency Exchange) registration is a mandatory requirement under Australian law for any business that exchanges digital currency (like crypto) for fiat money (like AUD). It's issued and monitored by AUSTRAC, Australia’s financial intelligence and anti-money laundering regulator.

Being registered as a DCE means you're recognised as a legitimate operator and are legally allowed to facilitate crypto-to-fiat or fiat-to-crypto transactions in Australia.



TWho Needs It ?And Who Doesn’t?

You need DCE registration if your business:

  • Lets users buy or sell crypto with AUD

  • Facilitates crypto-fiat exchange services

  • Acts as an OTC desk or a white-label crypto exchange

  • Offers token buying services for projects or DAOs

You may not need it if you’re:

  • Building a non-custodial wallet

  • Running a blockchain development firm without exchange functionality

  • Operating a purely on-chain token platform with no fiat rails (though caution is still advised)

⚠️ Important: Even if you’re not sure you need one, AUSTRAC expects you to self-assess your obligations. Failing to register when required can lead to serious fines—or even criminal charges.



Why ChainEd Helps You Do It Right?

At Chained, we don’t just tell you to register, we help you execute. From preparing your AML/CTF program to working hand-in-hand with legal advisors and ensuring your business model fits AUSTRAC’s expectations, we do the heavy lifting.

We're not a law firm! we’re a team of crypto enablers and engineers who get it done. If you’re launching in Australia, don’t guess your way through compliance. Book a call with us and start with clarity.

Contact us

Whether you have a request, a query, or want to work with us, use the form below to get in touch with our team.

Location

1 Clunies Ross Court
Eight Miles Plains QLD 4113

Hours

I-V 9:00-16:00
VI - VII Closed

Contacts

+61 433 453 883
hello@buildwithchained.com.au

ChainEd

The information provided on this website or in any related materials is for general informational purposes only and does not take into account your objectives, financial situation, or specific needs. Before acting on any information provided by PSP Education Pty Ltd (ABN: 21 628 429 925, AUSTRAC Registration DCE100662675-001), you should consider whether it is appropriate for your circumstances and seek professional advice where necessary. PSP Education Pty Ltd is registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a Digital Currency Exchange (DCE). We do not offer financial product advice or investment recommendations. Any references to pricing, services, or third-party products are illustrative and subject to change without notice. All services are provided in accordance with applicable Australian regulations. While we take reasonable steps to ensure the accuracy and reliability of our content, we make no representations or warranties, express or implied, about the completeness, accuracy, or suitability of the information.

PSP Education complies with all relevant AUSTRAC obligations and reporting requirements, in addition to data privacy regulations and ethical business practices. We are committed to the safe handling of client information and adhere to the Australian Privacy Principles (APPs) under the Privacy Act 1988 (Cth). For more information on how we manage and protect your personal data, please refer to our [Privacy Policy] or contact our compliance team.