World · Regulation · Australia ·
Australia removed 45 crypto and remittance registrations over past year
Australian regulator AUSTRAC reported removing 45 crypto and remittance money services licenses over the past 12 months through cancellations, suspensions, and non-renewals. The action included enforcement against GetCoins to disrupt organized investment scams.
Why it matters for the crypto market
Active enforcement of license requirements in a major developed market demonstrates tightening regulatory oversight and willingness to restrict market access for non-compliant firms.
Source: Cointelegraph
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