Australia cancels, suspends or declines to renew 45 crypto and remittance registrations

Australia’s financial crime regulator, AUSTRAC, removed 45 registrations for cryptocurrency and remittance businesses during a review spanning the past year. The total includes registrations that were canceled, suspended or not renewed, according to information reported by Cointelegraph. AUSTRAC also took action against GetCoins, saying the move helped disrupt organized investment scams. The regulator’s actions highlight continued scrutiny of businesses operating in Australia’s crypto and remittance sectors, although the supplied information does not identify the individual entities covered by the 45 registration decisions or provide further details on the GetCoins case. No direct effect on Ethereum Classic (ETC), Movement (MOVE), Ontology Gas (ONG) or OriginTrail (TRAC) was specified.