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The Australian Financial Intelligence Agency told recorded coding exchanges that are not active by withdrawing their records or risking by canceling them due to concerns about the use of sleeping companies in fraud.
There is currently 427 registered encryption exchanges at the Australian Transactions and Analysis Reports Center (Austac), but the agency He said On April 29, a large number of active and perhaps suspected of being subject to and shared by criminals were suspected.
The agency is connected to any digital currency exchange that seems to be no longer circulated, and the CEO of Austra Brendan Thomas said they will be told that they “use it or lose it.”
He added: “The companies registered with Austra must maintain their details updated; this includes details about the services that are no longer provided.”
Companies that want to make Australian transfers between Cash and Crypto, including Crypto ATM service providers, must first register in Austrac, which monitors crimes including money laundering, terrorist financing and tax evasion.
The agency can cancel the registration if it has reasonable reasons for the belief that the work is no longer active or provides encryption services.
Ten companies have been canceled from the Austrac records since 2019, as the latest companies were FTX Express in June 2024, the local subsidiary of Crypto Exchange FTX collapsed.
Austra to launch a general list of recorded stock exchanges
In the wake of the raid in the inactive exchange of encryption, Austra said it would publish a list of recorded exchanges to help Australians verify legal service providers.
Thomas said the goal is to make criminals more difficult to store people and improve the integrity and accuracy of the Austrac record.
He said: “If DCE intends to provide a service, they must contact us, otherwise we will cancel the registration and this information will be added to the registry.”
Thomas added: “The public must feel the confidence that they are able to identify the coded currencies of the two registered projects and are subject to organizational supervision and that we are removing criminals from this industry.”
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In February, the anti -money laundering regulator took action against 13 provides for transfers and coding services, with more than 50 others who are still being investigated in terms of possible compliance issues.
Six service providers have been refused to renew the registration on the basis that the main employees either convicted, tried or accused of a serious crime.
Australia has not yet passed the encryption regulations. In August 2022, the Labor Party at the Saffian Left Center began a series of industrial consultations to formulate an organizational framework for encryption.
In March, the government proposed a new coding framework that regulates exchanges under the current financial services laws before the Federal elections scheduled for May 3.
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