AUSTRAC has explicitly mentioned that Bitcoin and other crypto currencies are currently out of scope of AML/CTF.
Bitbillpay doesn't accept fiat currencies. It's not a money transmitter. You can't use the service to get cash.
Bitbillpay doesn't accept fiat currencies. It's not a money transmitter. You can't use the service to get cash.
It's quite surprising that the law is written that way, but CoinJar is pretty proactive to positively shape the Bitcoin economy and establish legitimacy before regulation comes in. At CoinJar we have already merged the AML/CTF 100-point check into our ID verification for fraud prevention. Currently cash deposits are not regulated but bank branches have the right to require depositors to show ID.
Good luck!