AUSTRAC Removes 45 Crypto and Remittance Firms in One Year

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has canceled, suspended, or refused to renew the registrations of 45 crypto and remittance businesses over the past year. The actions involve firms that have ceased operations, filed for bankruptcy, or failed to report significant changes. Notably, GetCoins was removed due to fraud allegations, and Western Union is currently under investigation.