Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (130 of 2017)
Schedule 1 Amendments
Part 2 Digital currencies
Anti-Money Laundering and Counter-Terrorism Financing Act 2006
3 Section 5
digital currency means:
(a) a digital representation of value that:
(i) functions as a medium of exchange, a store of economic value, or a unit of account; and
(ii) is not issued by or under the authority of a government body; and
(iii) is interchangeable with money (including through the crediting of an account) and may be used as consideration for the supply of goods or services; and
(iv) is generally available to members of the public without any restriction on its use as consideration; or
(b) a means of exchange or digital process or crediting declared to be digital currency by the AML/CTF Rules;
but does not include any right or thing that, under the AML/CTF Rules, is taken not to be digital currency for the purposes of this Act.
Digital Currency Exchange Register has the meaning given by section 76B.