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Based on your description, it sounds like you are not offering an MDA service – this assumes you have no access whatsoever to other people’s funds. However, your buying and selling actions are likely to be “financial product advice” under Australian law. If you operate in Australia or if you induce people from within Australia, it is likely that you will need to apply for an Australian Financial Services Licence (AFSL).
For further information, please contact us to discuss.
Author: Paul Derham