Australia's AUSTRAC Launches Major Crackdown on Dormant Crypto Exchanges

Australia AUSTRAC Launches Major Crackdown on Dormant Crypto Exchanges.jpeg

Australia's financial intelligence agency, AUSTRAC, has initiated a significant crackdown on dormant cryptocurrency exchanges, urging them to either remain active or face deregistration. This move aims to protect consumers and prevent criminal exploitation of inactive platforms, especially as the country approaches its federal elections.

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