Australia Tightens Crypto Oversight with 45 Removals

Australia tightens crypto oversight with 45 removals

Australia removed 45 crypto and remittance registrations in one year, citing inactivity, insolvency, reporting failures and crime risks.

Australia Acts on 45 Crypto and Remittance Registrations Over Past Year

Australia’s anti-money laundering watchdog has taken regulatory action against 45 registrations held by remittance and cryptocurrency businesses over the past 12 months, using measures ranging from cancellations and suspensions to refusals to renew registrations. AUSTRAC attributed the actions to several compliance and operational issues.Visit Website

Australia Tightens Crypto Oversight With 45 Registration Actions

AUSTRAC removed 45 crypto and remittance registrations over the past year and said canceling GetCoins helped disrupt organized investment scams.

Australia Tightens Crypto Oversight With 45 Registration Actions - Invest In Crypto News

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Australia Has Kicked 45 Crypto and Money Transfer Firms Off Its Registers

Australia's financial crime regulator has struck 45 remittance and virtual asset service provider (VASP) registrations from its registers. The cancellations, suspensions, and refused renewals span the past year. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has referred…