AUSTRAC cancels, suspends or refuses 45 crypto registrations

  • AUSTRAC canceled, suspended or refused 45 crypto registrations.
  • 45 registrations were affected over the past year.
  • AUSTRAC targeted inactive, insolvent or high-risk payment businesses.

AUSTRAC (Australia’s financial intelligence regulator) canceled, suspended or refused 45 crypto registrations over the past year. The action targeted payment businesses deemed inactive, insolvent or high-risk, highlighting the regulator’s focus on the status and risk profiles of crypto-related operators.

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AUSTRAC cancels, suspends or refuses 45 crypto registrations - CoinPost Terminal