Australia says it removed 45 crypto, remittance registrations over the past year

AUSTRAC canceled, suspended, or refused to renew 45 registrations for crypto and remittance providers over the past year due to inactivity, insolvency, regulatory failures, and risks related to money laundering and terrorism financing. Notable removals include GetCoins due to exploitation by crypto scams, with ongoing investigations into other providers like Western Union and Cryptolink.

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