Digital Currency Lawyer

Alexa Bowditch

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Alexa joined Holley Nethercote in the Sydney office in 2016.  She has experience in financial services law, anti-money laundering and commercial law.

Admitted to Practice

2016

Key Areas of Expertise

  • Financial Services
  • Anti-money laundering
  • FinTech, RegTech and AI
  • Cryptocurrency exchanges and other cryptocurrency businesses
  • Commercial agreements
  • Over the counter (OTC) Derivatives
  • Intellectual Property
  • Privacy Law

Career Achievements

  • Assisting a range of digital currency businesses understand and comply with their regulatory obligations in Australia
  • Working in-house in the commercial law team of a major financial institution
  • Introducing and reviewing processes, procedures and technology to enable a major financial institution’s compliance with the OTC derivatives reporting legislation internationally and to ensure its ongoing compliance with these reforms
  • Corporate advice for ASX listed clients and the Australian government

Qualifications

  • Bachelor of Laws (Honours)
  • Bachelor of Commerce (Honours)

Favourite Quote

“Do not go where the path may lead, go instead where there is no path and leave a trail.” – Ralph Waldo Emerson

My Thoughts

Business Partnerships – What you should know

24 Jul 2020

What is a partnership? A partnership is a business structure where two or more people enter into a relationship in order to carry on a business, with the mutual intention to make a profit through…

FACT SHEET: How to set up a Money Remitter (also known as a Money Transfer Operator or Payment Services Provider) Checklist

19 Jun 2020

☐ Determine the characteristics of your remittance business Payment corridors and any other jurisdictions you will deal with Currencies you will exchange Customer types Whether your business offers only spot FX or also forward or option…

FACT SHEET: Setting up a Cryptocurrency (Virtual Asset) Exchange Checklist

11 May 2020

Before you set up a cryptocurrency exchange... ☐  Determine the structure of your cryptocurrency exchange: Crypto to fiat or crypto to crypto Virtual assets to be exchanged Broker or market maker Provide e-wallets Centralised or…

Outsourcing: How can you comply with an obligation without performing the function?

30 Mar 2020

In times like these, are you confident that your business will continue to comply with its obligations where it has outsourced its functions? We explore strategies that your business can implement to ensure it complies…

Cryptocurrency Exchanges must now fully comply with the Anti-Money Laundering and Counter-Terrorism Laws in Australia

04 Oct 2018

If you are operating a cryptocurrency/digital currency exchange (DCE) which exchanges fiat (Australian or foreign currency) for digital currency and/or vice versa, you would be aware that from 3 April 2018, you have had obligations…

5 Frequently Asked Questions for Setting up a Cryptocurrency Exchange in Australia

18 Jul 2018

With digital currencies having cemented themselves in daily finance updates, they have begun to attract the wider market.  Due to the returns that have been made in cryptocurrencies, and the regulatory roadblocks in countries outside…

Room to improve AML/CTF Systems and Controls – Our take on AUSTRAC’s Risk Assessment

25 Oct 2017

In July 2017, AUSTRAC released its latest money laundering and terrorism financing (ML/TF) risk assessment which focuses on the securities and derivatives sector.  Similar to past risk assessments released by AUSTRAC, this risk assessment has…

So you’re planning on opening a cryptocurrency (e.g. Bitcoin, Altcoin) exchange

28 Jun 2017

  Bitcoin and other cryptocurrencies have seen a significant value increase in the recent past.  If you had the foresight to invest in Bitcoin and Ethereum in January 2017, you would have made 177% and…