Dodgy Bitcoin Operators Face $2m Fines, As Austrac Gets New Powers
Operators of bitcoin and other digital currency exchanges in Australia must henceforth register with Austrac, Australia’s anti-monetary laundering agency and keep strict records – or face penalties that can reach as high as seven years jail and up to $2.1 million in fines. This follows passage of the new Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill, … Read more