Australia Proposes Stricter Crypto Oversight to Combat Financial Crime

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Australia Proposes Stricter Crypto Oversight to Combat Financial Crime As cryptocurrencies gain global traction, Australia has taken a bold step toward regulating the digital asset ecosystem.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) recently unveiled draft rules aimed at strengthening anti-money laundering (AML) and counter-terrorism financing (CTF) measures for high-risk sectors, including cryptocurrency.

Align with Global Standards: Ensure compliance with international frameworks such as the Financial Action Task Force (FATF) recommendations.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaAustralia

Topics: AUSTRALIA Crypto News Australia Crypto Oversight

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 13:58:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 507 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24399897

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 23 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 22 hours ago

Coverage Areas: India

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Publisher ID: #121

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