Under new Australian regulation, ID verification must be completed for all new customers who wish to complete a transaction involving the exchange for FIAT (like the Australian Dollar) with Digital Currencies (like Bitcoin). eLittle Digital Services takes all steps necessary to ensure the safe storage of your personal information.
For more information, please feel free to check out the terms and conditions here.
Australian regulation states that it is imperative to provide identification details when purchasing digital currency. This is one way to keep Australia safe from serious financial crime such as money laundering and terrorism financing.
More information in AUSTRAC's website: Why you might be asked for ID
eLittle Digital Services is compliant with the norm ISO 27001 on Information Security Management.
The data is stored in our secured VPC with military grade AES-256 encryption.
We keep records only for audit & compliance requirements.
AUSTRAC's purpose is to protect the integrity of Australia's financial system and contribute to the administration of justice through its expertise in countering money laundering and the financing of terrorism.
More information in AUSTRAC's website: AUSTRAC Overview
As per the regulatory guidelines outlined by AUSTRAC, eLittle Digital Services a registered Digital Currency Exchange provider (also known as a DCE) and adheres to the compliance and regulation guidelines outlined by AUSTRAC. Our customer due diligence requires us to know our customer (KYC) by having a record of the name, residential address and date-of-birth.
The need to enforce this policy is dictated by our governing body AUSTRAC
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