The Australian Transactions and Reporting Analysis Centre (AUSTRAC) recently announced the implementation of new crypto market regulations. According to them, all domestic cryptocurrency exchanges must obey the requirements which include anti-money laundering and counter-terrorism financing. The mandatory obligations took effect starting Tuesday, April 3.
“There will be criminal offence and civil penalty consequences if you provide digital currency exchange services without being registered,” AUSTRAC claims.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/australian-cryptoc ... gulations/