Australian regulators remove 45 crypto and remittance registrations over the past year

According to Cointelegraph, Australia’s financial intelligence regulator AUSTRAC stated that it has cancelled, suspended, or refused to renew 45 cryptocurrency and remittance business registrations over the past year to strengthen oversight of high-risk payment activities. These measures primarily target service providers that are inactive, insolvent, lack operational capacity, or pose anti-money laundering and counter-terrorist financing risks.