Wealthstack Global’s Post

Congratulations to Sparke Helmore’s client Perth based Wealthstack Global on obtaining its AUSTRAC registrations as Australia’s newest authorised gold digital token exchange and international remittance provider! Obtaining registration for both these activities is a great step forward for Wealthstack, which is offering gold backed tokens to the Australian and international markets. Every gold token issued represents actual physical gold, owned by the customer and securely stored in accredited vaults.   Led by Marianne Robinson, Sparke Helmore’s Corporate team have been advising Wealthstack and the Alchemy Group on regulatory and compliance matters, to enable Wealthstack to enter the market, and have assisted with the documentation required, including the AML Part A and Part B programs for Wealthstack and its related entity Alchemy Bullion which is a gold bullion dealer.    With the price of gold riding high and potential additional regulation of digital currency exchanges and remitters, this is an exciting time for Wealthstack to enter the market. #AusLaw #Law #CorporateLaw #AML #Gold #GoldBullion #DigitalTokenExchange https://lnkd.in/gykYjgyA