Bitcoin.com News
Bitcoin.com News|Mar 05, 2025 09:32
🇦🇺 Crypto crackdown in Australia! 🚨 AUSTRAC announces new rules! 📜 Exchanges & custody services must capture user info by March 2026! 🕵️‍♂️ Reporting financial transactions & suspicious activity is now mandatory! Over 400 providers were affected, including CATM services! "Smaller subset" beware! AML/CTF Act enforcement! AUSTRAC warns of action against non-compliant crypto firms! 13 providers already faced penalties! AUSTRAC CEO: "Businesses not meeting obligations can expect to hear from us!" But remember, AUSTRAC regulates exchanges, not specific cryptos! What do you think of these new regulations? Will they make crypto safer in Australia? Share your thoughts!
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