Australia's financial intelligence agency AUSTRAC has launched two targeted regulatory actions against the cryptocurrency industry to align with the country's new anti-money laundering (AML) and counter-terrorism financing (CTF) reforms. The review focuses on over-the-counter crypto exchange operators and local exchanges' anti-money laundering risk management and compliance readiness. Australia is also expanding its regulatory scope to include virtual asset service providers (VASP), covering custody, brokerage, and other crypto services. The new Travel Rule requirements will take effect on July 1, 2026.

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