Australia says it removed 45 crypto, remittance registrations over the past year
60-second summary
Australia’s financial intelligence agency AUSTRAC reports it has removed 45 crypto and remittance service registrations in the past year, including cancelled, suspended or unrenewed entities, and its crackdown on GetCoins disrupted organized investment scams. The sweep signals tighter compliance enforcement, prompting firms to strengthen AML controls and potentially curbing illicit market activity.
AUSTRAC said its yearlong sweep included canceled, suspended and unrenewed registrations, while its action against GetCoins helped disrupt organized investment scams.