Crypto Clean-Up Down Under: Australia To Crack Down On Inactive Exchanges
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Australia’s financial regulator is going after inactive crypto companies still appearing on official lists. The Australian Transaction Reports and Analysis Centre (AUSTRAC) disclosed Tuesday that it would remove registrations from exchanges that have ceased trading but are still on their books.
‘Use It Or Lose It’ Warning To Dormant Exchanges
AUSTRAC has noticed a concerning pattern among the 427 registered Australian cryptocurrency exchanges. They are largely abandoned but still active on the register.
Chief Executive Officer Brendan Thomas sounded a dire warning to these ghost…
