As part of a new initiative, Australian regulator AUSTRAC is launching an active review of digital currency exchanges, identifying cases of violations of anti-money laundering rules, insufficient consumer protection and non-compliance with security standards. Measures include conducting detailed audits, imposing fines and possibly introducing temporary restrictions on the operation of exchanges that do not meet regulatory requirements.

According to the agency, the main goal is to create a safer and more transparent ecosystem for investors. The regulator emphasized that these actions are part of a global trend to tighten control over the crypto industry and are aimed at ensuring the reliability of financial transactions. Several leading crypto exchanges have already found themselves in the spotlight, and the measures taken are expected to lead to significant changes in the operation of digital platforms in Australia.

This initiative is aimed at reducing risks for investors, strengthening trust in the crypto market and stimulating the implementation of advanced technologies in the financial sector.