AUSTRAC Dey Plus Palava Against Crypto Wey No Active To Stop 419 And Make Kontrol Stronger

Published: 2025-05-03 13:30:04 |

Australia government agency wey dey check money matter, AUSTRAC, dey tighten grip on crypto exchange wey no dey active or wey dem dey call 'ghost' exchange, sake of say fraud and financial crime dey increase for digital asset side. Registered Digital Currency Exchange (DCE) wey no dey active must update their business details or dem fit comot dem from the national registry, as part of AUSTRAC policy say 'use am or lose am'. Out of 427 registered Australian exchange, many no dey active and bad people fit use am wash money or do fraud. Since 2019, AUSTRAC don cancel registration for at least 10 exchange, including big one like FTX Express for June 2024, and plenty other ones still dey under investigation. Exchange fit gree comot by themself or government fit force cancel am if dem no dey active, while AUSTRAC go soon release updated list of registered DCE for public to see, make e clear and make people trust am more. The agency still dey follow up strictly and get power to take legal action, including plan for February 2025 to punish crypto places wey no report full details. All dis step show say government dey watch Australia crypto market well well now, to reduce fraud risk, make sure people follow rules, and give traders and investors mind say digital asset trading safe pass now.

Neutral

AUSTRAC don come strong with dia rules, dem target crypto exchange wey no dey active again, all to fit stop scam plus money crime wey dey happen. Dis one go make market clear well well and investor people go get more mind. E fit carry small cost for some platform for small time, plus make dem no too sure wetin go happen, but di main tin be say dem wan comot di bad people for market, no be to stop good good trading. For short time, di price of big big cryptocurrency no go feel am well well. For long time, if di rules strong well well, e go make trading place safer, plus more big company go join, dis one go balance risk and chances for traders. So, for general, di effect on crypto market no too go up or down.