---
title: Does easyAML support cryptocurrency / virtual asset businesses?
description: Does easyAML support cryptocurrency / virtual asset businesses - Not at this stage.
---

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# Does easyAML support cryptocurrency / virtual asset businesses?

## No, digital currency exchanges sit under Tranche 1 with their own AUSTRAC registration regime and bespoke obligations.

Not at this stage. Digital currency exchange (DCE) providers have been captured under the AML/CTF Act since April 2018 as **Tranche 1** reporting entities, with their own AUSTRAC registration regime (separate from Tranche 2 enrolment) and bespoke obligations around customer onboarding, ongoing monitoring and transaction reporting.

Why easyAML doesn't service them today:

- easyAML's launch product is purpose-built for the **newly regulated Tranche 2 sectors** (real estate, legal, accounting, trust and corporate services, precious metals). The risk frameworks, designated services and reporting templates in the platform are tuned for those sectors.
- DCE compliance requires deeper transaction-monitoring capability (chain analytics, wallet attribution) and travel-rule support that aren't in scope for the 1 July 2026 release.

What DCE businesses should do today:

- **Register with AUSTRAC** as a DCE provider - registration is mandatory and separate from Tranche 2 enrolment. See AUSTRAC's guidance for digital currency exchange providers.
- Use an AML provider that specialises in Tranche 1 / DCE workflows (chain analytics, wallet screening, travel-rule compliance).
- Watch the easyAML roadmap - a Tranche 1 product line is planned for post-July 2026, and crypto businesses will be in scope once that product is released.

### Related articles

- [Glossary: Key Terms & Definitions](https://knowledge.easyaml.com/easy-aml-glossary?hsLang=en-au)
- [Does AUSTRAC require reporting entities to be fully set up on 1 July, or is an implementation plan acceptable?](https://knowledge.easyaml.com/1-july-readiness-grace-period?hsLang=en-au)
- [Can a Tranche 1 business be mixed with Tranche 2 entities under one reporting group?](https://knowledge.easyaml.com/mixing-tranche-1-and-2-entities?hsLang=en-au)
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