RATE Group | AUSTRAC revokes first crypto exchange licences – Finance
72650
post-template-default,single,single-post,postid-72650,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

AUSTRAC revokes first crypto exchange licences – Finance

19 Dec AUSTRAC revokes first crypto exchange licences – Finance

Posted at 21:44h in Cryptocurrency News by

[ad_1]

Australia’s anti-money laundering agency AUSTRAC has revoked the licences of three cryptocurrency exchange operators due to alleged criminal ties.

Cancellation of the registrations, which took place in September, are the first to be revealed by the agency since the agency was given powers to monitor local exchanges at the end of 2017.

Two of the withdrawn registrations belong to AUSCOIN ATM and MK Buy & Sell, which had their exchanges suspended earlier this year over alleged links to organised crime.

The suspensions followed the arrest of a 27-year-old Melbourne man for drug traffic offences. The Age has identified the man as “Lamborghini-driving bitcoin trader Sam Karagiozis”.

Another exchange operated by Webpark, which trades as Howzat Domains, has also been cancelled, though this is understood to be unrelated to the charges against Karagiozis.

As of last month, one other exchange operator, Cryptocurrency Transaction Machines, had been suspended.

While…

[ad_2]

Source link

Tags:
, , , , ,