Australia to Regulate Crypto Exchanges, Sets Registration Deadline

[kreslik.news]

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has imposed new rules on the country’s booming cryptocurrency exchanges to prevent any illegal dealings.

The new laws empower the Australian agency, responsible for financial intelligence and anti-money laundering, along with counter-terrorism financing regulations, to police digital currency exchanges offering trading of cryptocurrencies like Bitcoin, Ethereum, Ripple and a fleet of altcoins.

Join our Telegram channel and get all the latest cryptocurrency news directly to your phone!

According to the AUSTRAC’s CEO Nicole Rose, the new laws will strengthen the agency’s compliance and intelligence capabilities to help the exchanges. These ... (read more)

[Lifece]

This is good to see that Australia is regualting the crypto money exchange which can be good for securing this currency for making the huge profit for making the money.I have checked some of the people checking information on the Altcoin Exchange page where exchange rate detail is available for earning the money in quick way.