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Australia’s Crypto Mirage: 427 Exchanges Registered, But Regulator Reveals Most Are Ghost Ships
Australia’s Crypto Mirage: 427 Exchanges Registered, But Regulator Reveals Most Are Ghost Ships
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Down Under’s crypto landscape looks bustling—until you peek behind the curtain. The Aussie regulator just dropped the hammer: most of those shiny registered exchanges are collecting digital dust.
Active or not, they’re still clogging the system—classic regulatory theater while the finance bros keep cashing checks. Meanwhile, traders scramble to find platforms that actually process orders.
Another day, another reminder that in crypto, what’s on paper rarely matches reality. But hey, at least the compliance consultants are making bank.
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