Australian cryptocurrency exchanges must abide by new anti-money laundering rules from April 3, the hovernment has confirmed.
According to fresh information now available on the website of the Australian Transaction Reports and Analysis Centre 'The digital currency exchange ' must now register with authorities, as well as commit to various reporting and identity checking procedures.
The move comes as Australian authorities attempt to seal the remaining loopholes in cryptocurrency use regarding tax and identity management.
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I am glad they are not banning crypto completely like South Korea.
Regards @run.vince.run
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