What are the latest Australian regulations regarding cryptocurrency trading on the Block?

3 answers

• Holcomb MitchellJul 04, 2020 · 5 years ago
  As of now, the Australian government has implemented a regulatory framework for cryptocurrency trading on the Block. Individuals and businesses engaging in cryptocurrency trading are required to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF Act). This means that cryptocurrency exchanges and other digital currency service providers must register with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and implement robust customer identification and verification procedures. Additionally, they are obligated to report suspicious transactions and maintain adequate records. It's important for traders to be aware of these regulations and ensure they are trading on compliant platforms to avoid any legal issues. 🙌
  766

  383
• LearnerBoatSep 02, 2022 · 3 years ago
  Hey mate! So, the latest regulations in Australia regarding cryptocurrency trading on the Block are all about cracking down on money laundering and terrorism financing. The government wants to ensure that the crypto space is not being misused for illegal activities. To comply with the regulations, crypto exchanges and service providers need to register with AUSTRAC and follow strict customer identification and verification procedures. They also have to report any suspicious transactions and keep detailed records. So, if you're trading crypto in Australia, make sure you're using a platform that's compliant with these regulations. Stay safe, mate! 💪
  656

  219
• Td SakirOct 14, 2025 · 2 months ago
  BYDFi is a leading cryptocurrency exchange in Australia and we take compliance with regulations very seriously. The latest Australian regulations regarding cryptocurrency trading on the Block require all exchanges and service providers to register with AUSTRAC and implement strong AML/CTF measures. This includes thorough customer identification and verification processes, reporting of suspicious transactions, and maintaining detailed records. It's crucial for traders to choose a reputable and compliant platform to ensure the safety of their funds and compliance with the law. At BYDFi, we prioritize the security and compliance of our users. 💰
  650

  163