Crypto World News reports that Australia's financial intelligence agency, Austrac, has launched two targeted regulatory actions against the cryptocurrency industry to support the implementation of 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. Additionally, Australia is 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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