I think we should hear something from the management soon.
Appendix 4C - monthly 31/05/2018
“The Group is making good progress on its Cryptocurrency exchange and has filed its application to AUSTRAC. Pre-registration is expected to start soon.”
Appendix 4C - monthly 02/07/2018
“The Group has made its filing to AUSTRAC for registration. The Exchange launch date is dependent on the issuing of the AUSTRAC registration and implementing an appropriate pairing service.”
Based on old enrolment FAQS.
How long does enrolment take?
If you provide complete and accurate information about your business, enrolling with AUSTRAC is a short process. The AUSTRAC business profile form explanatory guide lists the business information you will need to provide to enrol with AUSTRAC. To access the guide visit the Guides page of the AUSTRAC website. Once you have successfully submitted your enrolment forms online, your business is entered onto AUSTRAC’s Reporting Entities Roll.
Overall, AUSTRAC should be granted these days if they provide complete and accurate information before 2 months ago.
I am not sure about implementing an appropriate pairing service. It should not be too complicated
BPG Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held