Obtaining a license for electronic money in Australia
Country | Australia |
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The Commission on Regulation and Control of the Turnover of Finances in Australia offers non-resident entrepreneurs favorable conditions for obtaining certificates for the use of electronic money in the territory of the jurisdiction of a given state. The reasons why a lot of businessmen seek to pass licensing in this country are the following:
- Free use of different types of currencies without the need for constant conversion.
- Use of simplified tax reporting systems and reduced level of tax rates.
- Existence of legislation with clear regulation of certain disputes in the field of material and electronic finance.