Cryptocurrencies now fall under AUSTRAC money-laundering scrutiny
Cryptocurrency exchanges operating in Australia will now come under the scrutiny of Australia's financial intelligence agency, AUSTRAC, and be monitored for money-laundering and terrorism funding activities.
The new law gives AUSTRAC the powers to police digital currency exchanges (DCEs) trading in a variety of crypto currencies including bitcoin, Ethereum and Ripple.
Read the full article on ABC Online.
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