#AUSTRAC

Highlights: AUSTRAC removed 45 remittance and crypto service registrations over the past year amid tighter compliance scrutiny. The regulator cited inactive businesses, registration failures, insolvency, and money laundering risks among key enforcement reasons. AUSTRAC also cancelled GetCoins’ registration and recently […]

Highlights: ASIC removed several Yepbit websites after investors reported they could not withdraw funds. ASIC rejected claims that it froze investor money during regulatory audits. The platform lacks an AFSL and AUSTRAC virtual asset service provider registration. The Australian Securities […]

Highlights: AUSTRAC suspended Cryptolink for three months and ordered its 96 crypto ATMs across Australia to stop operating. The regulator cited reporting failures and ongoing concerns about high-risk transactions moving through Cryptolink’s crypto ATM network. AUSTRAC previously fined Cryptolink and […]

Highlights: Starting July 1, Australia requires all crypto exchanges to log every transaction regardless of size. Exchanges must collect full personal details for every transfer or block the transaction entirely. Many Australian investors are rushing assets into private self-custody wallets […]

Highlights: AUSTRAC launches supervision campaigns covering OTC crypto operators and local exchanges. Australia’s VASP reforms now cover custody, brokerage, and other virtual asset services. New rules move crypto oversight closer to financial services licensing and AML checks. Crypto firms in […]

Highlights: Australia has moved to tighten rules for crypto platforms and set clear duties for firms that hold digital assets. The crypto custody bill sets new license paths for exchanges and custody firms. The new rules will guide asset handling […]

Highlights: AUSTRAC has fined CryptoLink after finding weak reporting controls. CryptoLink agreed to engage third-party reviewers to strengthen its anti-money laundering systems. Regulators have said scams through crypto ATMs continue to grow as victims lose millions. Australia’s financial intelligence agency, […]

Highlights: AUSTRAC will gain new powers to restrict or ban high-risk financial products in Australia. Crypto ATMs in Australia have grown rapidly, and authorities link them to scams and illicit activity. Industry experts have called for collaboration to monitor suspicious […]

Highlights: Australia requires digital asset platforms to obtain licenses, with fines of up to 10%. Exchanges must follow rules, act fairly and honestly, and avoid any deceptive practices. Tokens and non-financial digital assets remain mostly unregulated under the new framework […]

Highlights: Australia has eased licensing rules as AUDM stablecoin becomes the first to qualify under the ASIC exemption. The exemption allows licensed intermediaries to distribute stablecoins without extra financial licenses. ASIC has linked the relief to industry feedback as it […]

Highlights: AUSTRAC has begun deregistering inactive crypto exchanges across Australia. The crackdown aims to block criminal exploitation of inactive crypto exchanges. A public register will soon verify registered crypto exchange providers. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has […]

Highlights: AUSTRAC is taking action against crypto providers who do not follow AML laws and has penalized 13 firms. Several executives are facing legal action, while two major exchanges were removed from the register after filing for bankruptcy. AUSTRAC plans […]