Deep Tide TechFlow News, May 8th, according to Decrypt, the Australian financial intelligence agency AUSTRAC has launched two special regulatory actions targeting the virtual asset industry, focusing on examining the anti-money laundering and counter-terrorism financing risk management of related companies. This action covers 36 cryptocurrency-to-cash OTC trading operators and 27 local crypto trading platforms. Australia's new regulations have expanded the scope of regulation from traditional digital currency trading platforms to Virtual Asset Service Providers (VASP), including custody, brokerage, and other services; the Travel Rule for virtual asset transfers will be enforced starting July 1.

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