Australia is cracking down on companies that use cryptocurrency to hide money! The government wants to stop criminals from using digital money for bad things. This is important because it keeps our money safe.
- Australia's government is checking companies that deal with cryptocurrency and money transfers.
- They're making sure these companies follow the rules to stop money laundering (hiding money illegally).
- Over 50 companies got warnings for not following the rules.
- Some companies had their licenses taken away or suspended.
| Fact | Number |
|---|---|
| Total digital currency exchanges registered | 417 |
| Total remittance firms registered | 5112 |
| Firms warned for not following rules | >50 |
| Firms that lost licenses | 9+ |
This means Australia is working hard to make sure cryptocurrency is used safely and legally.
