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.
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.
