Australia proposes tighter AML/CTF rules targeting crypto exchanges, legal services and real estate to combat financial crime.
]]>
Australia has the third largest number of crypto ATMs in the world and regulators are worried they could be facilitating financial crime.
]]>
The Australian Federal Police have taken a major step against organized crime by seizing $9.3 million in cryptocurrency. The operation uncovered a secret encrypted communication platform, Ghost, leading to the arrest of its alleged mastermind. Through digital forensics, authorities cracked the suspect’s crypto accounts. With previous operations yielding millions in seized assets, the ongoing investigation […]
]]>
Moonpay has successfully registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services in Australia. This registration will enable Moonpay to establish local payment processing relationships and offer Australian users alternative payment methods such as Osko and Pay ID. As a registered entity, Moonpay will comply with Australia’s AML/CTF […]
]]>
The exchange’s chief marketing officer believes Australians are above-the-curve when it comes to crypto education and interest.
Powered by WPeMatico
]]>
AUSTRAC also urged financial institutions from debanking clients who may be engaged in suspicious account activity, as a mistake could be costly to “Australia’s economy.”
Powered by WPeMatico
]]>
A growing number of cryptocurrency exchanges have been registered with Australia’s crypto regulator. A spokesperson for the government agency overseeing the crypto industry confirmed to news.Bitcoin.com on Monday that the regulator has already registered 312 crypto exchanges. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got His First Bitcoin 312 Registered Crypto Exchanges The […]
The post 312 Crypto Exchanges Registered in Australia, Regulator Confirms appeared first on Bitcoin News.
Powered by WPeMatico
]]>
With stricter new regulations on the horizon for the crypto space around the world, Australians have found that it’s actually their traditional financial institutions that have been breaching well-established anti-money laundering rules and other industry standards this year. Westpac, one of the country’s largest banks, is now under investigation for millions of purported violations of […]
The post Australia Probes Big Four Bank Accused of 23 Million Money Laundering Breaches appeared first on Bitcoin News.
Powered by WPeMatico
]]>
In this edition of The Daily we cover an Amazon Prime show that features Bitcoin Cash (BCH), the open source password manager Bitwarden that now accepts crypto payments, a declaration of bankruptcy by Coinbin and the closure of Huobi’s Australian office. Also Read: Hong Kong Cryptocurrency Exchange Coinsuper Shifts Focus to Institutional Investors Bitcoin Cash […]
The post In the Daily: Bitcoin Cash on Amazon Show, Bitwarden, Coinbin, Huobi Australia appeared first on Bitcoin News.
Powered by WPeMatico
]]>
The Australian Transaction Reports and Analysis Centre (Austrac) has now officially registered 246 cryptocurrency exchanges. Pro-regulation industry participants have described the move as a key step towards legitimizing crypto assets. The registration process includes performing background checks and other anti-money laundering procedures on the entities involved. Also read: Coincheck Registers 1.7M New Users Since Resuming Operations […]
The post Australia’s Financial Intelligence Agency Registers 246 Bitcoin Exchanges appeared first on Bitcoin News.
Powered by WPeMatico
]]>