Crypto Exchanges Face AUSTRAC Action Over Inactivity
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Australia’s financial intelligence agency AUSTRAC is tightening oversight of dormant cryptocurrency exchanges to prevent exploitation by fraudsters. The regulator has begun notifying non-compliant platforms as part of a broader industry crackdown.
The move targets operational gaps that could enable money laundering or scams. While no specific exchanges were named, the action signals heightened scrutiny of Australia’s digital asset market following similar regulatory pushes globally.
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