Unlock the Secrets of Ethical Hacking!
Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!
Enroll now and gain industry-standard knowledge: Enroll Now!
Gemini has set up a local arm in Australia and moved Australian accounts into it, signaling a bigger push into the Asia-Pacific market.
According to company notices and regulatory filings, the new entity is called Gemini Intergalactic Australia Pty Ltd and it is registered with AUSTRAC as a digital currency provider.
The shift took effect on September 18, 2025, when Australian accounts were transitioned from Gemini Trust Company, LLC to the local entity.
Local Entity Registered With AUSTRAC
Based on reports, the AUSTRAC registration allows Gemini to offer onshore services and to use Australia’s payment rails. Australians will now deposit and withdraw fiat in AUD only for local banking transfers.
The exchange said non-AUD fiat balances must be converted or removed ahead of deadlines set in the transition notices. Users must also accept a new User Agreement; access may be limited for those who do not agree.
Faster Banking Options For Australian Users
Gemini has added support for Osko and the New Payments Platform (NPP), which can make transfers instant or near-instant between banks. That change is meant to cut the time and cost that some Australians previously faced when sending money overseas or dealing in non-AUD currencies.
Reports have disclosed that the move should make routine trading and withdrawals simpler for both retail and institutional customers in Australia.
New Leadership To Run Local Operations
James Logan has been named Head of Australia. He will lead local partnerships, customer service, and growth efforts for the exchange.
Saad Ahmed, who heads Gemini’s APAC operations, commented that the expansion responds to rising demand in the region and helps the firm operate inside local rules. The staffing and leadership appointments were reported by multiple industry outlets.
What Adoption Figures Might Suggest
Reports cite differing adoption numbers: some sources say about 22% of Australians own digital assets, while other surveys put that figure near 31% as of early 2025.
Those price ranges make Australia an interesting cryptocurrency market for global exchanges. However, registration with AUSTRAC and establishing more connections with local banking systems mean Gemini is preparing for tighter oversight as regulators sharpen the regulations for crypto platforms.
On Regulation And Competition
Australia has been trying to establish clearer rules for exchanges, and local registration gives Gemini more stability in light of possible new licensing requirements from ASIC.
The move also places Gemini in more direct competition with established local exchanges, given they all operate with established banking connections in-country. Reports indicate the company believes a local presence will help it meet rules and better serve users.
Featured image from DepositPhotos, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Unlock the Secrets of Ethical Hacking!
Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!
Enroll now and gain industry-standard knowledge: Enroll Now!
0 Comments