Replies to post #42 on Newnote Financial Corp. (fka NWWTF)

[Brandy0815]

Newnote Financial to launch Puretrade in Australia

2015-01-06 09:03 ET - News Release

Mr. Paul Dickson reports

NEWNOTE FINANCIAL FORMS WHOLLY OWNED SUBSIDIARY IN AUSTRALIA

Newnote Financial Corp. has formed a wholly owned subsidiary in Australia with intent to launch the Puretrade digital currency exchange in that region.

The newly formed corporation, also called Newnote Financial Pty. Ltd., will enable the parent company to conduct business overseas and offer clients additional arbitrage opportunities. The Newnote team, along with the company's Australian partners, are working to ensure AML/CTF policies and procedures meet or exceed the requirements set out by AUSTRAC, the organization created to oversee the compliance of Australian businesses and to protect the integrity of Australia's financial system.

Australia has several well-established payment gateway services available including POLi Payments, an Australian Post-owned business. The payment gateways allow Australian residents and merchants to easily conduct business electronically while providing optimum security.

Chief executive officer and president of Newnote, Paul Dickson, reports: "The state of the digital currency business environment in Australia has been experiencing wider acceptance by financial institutions as businesses have complied with the rules and regulations required to properly operate within this space. The Australian government has been pro-active in setting guidelines on digital currencies that appear to be beneficial to companies and individuals interested in participating in the burgeoning digital currency sector."

We seek Safe Harbor.