Australia’s Financial Agency Suspends Two Crypto Exchanges Following Organized Crime Investigation

Crime, News, Regulation | March 11, 2019 By:

The Australian Transaction Reports and Analysis Center (AUSTRAC), the country’s financial intelligence agency, has suspended the registrations of two cryptocurrency exchanges, removing their ability to continue to conduct business.

The suspension were issued after a 27-year-old Bulleen man was arrested during the second phase of an Australian Federal Police (AFP) investigation into an organized crime syndicate.


Australian Crypto Exchanges Now Required To Register With AUSTRAC

FinTech, News, Regulation | April 4, 2018 By:

The Australian Transaction Reports and Analysis Centre (AUSTRAC), the country’s financial intelligence agency, has announced that Australian cryptocurrency exchanges are now required to register with the agency and meet their obligations.

AUSTRAC said that the country’s new regulative apparatus pertaining to cryptocurrencies has formally been adopted as law.


Crypto Exhanges Monitored By Australian Financial Intelligence Agency

News, Regulation | December 11, 2017 By:

The Australian government has passed a new law that would regulate the activities of digital currency exchange service providers in the country.

The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2017, first filed with the Australian parliament in August, expands the scope of the Act to include regulation of digital currency exchange providers;