AUSTRAC strengthens control over crypto ATMs in Australia, requiring operators to comply with anti-corruption laws. Cryptocurrency exchanges must register with AUSTRAC, monitor transactions, verify customers, and report suspicious activities. AUSTRAC CEO Brendan Thomas warned that non-compliant operators could face hefty fines. Australia has 1200 crypto ATMs, placing the country third in the world by the number of these machines.
12/7/2024 2:37:26 PM (GMT+1)
AUSTRAC strengthens control over crypto ATMs in Australia: mandatory registration, transaction monitoring, and reports on suspicious activity to comply with AML/CTF regulations 🚨
547
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Microsoft is developing its own AI models and testing alternatives to OpenAI to compete in the technology space, investing $14 billion and hiring industry experts
1inch recovers $5 million stolen after an attack on the old version of the Fusion v1 smart contract, the hacker returned the funds by agreement with the platform
The Prime Minister of Vietnam has ordered the development of a legal framework for cryptocurrencies to create a legal basis for digital assets and support their development in the country
Lukashenko tasked with modernizing Belarus's energy infrastructure and considering the use of surplus electricity for cryptocurrency mining
Coinbase resumes operations in India after obtaining approvals from the Financial Intelligence Unit (FIU), with plans to launch retail services and expand its crypto platform in 2025
Japan is reducing taxes on cryptocurrency and introducing new rules for regulating digital assets, including increased control over unregistered exchanges
President Trump signed an order to create the Strategic Bitcoin Reserve and the National Digital Asset Reserve to strengthen the U.S. position in managing cryptocurrencies
