Australia: ASTRAC guidance on preventing criminal abuse of digital currencies
Progress
Current status
adopted
21 Apr 2022 adopted
Scope
Implementers
Australia
Policy Area
Data governance
Policy Instrument
Cybersecurity regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Issued guidance on preventing criminal abuse of digital currencies
On 21 April 2022, the Australian Transaction Reports and Analysis Center (AUSTRAC) released a guidance for businesses, especially digital currency exchange providers, to detect and prevent abuse of digital currencies. The guidance explains the risks…
SourceEvent type
outline
Action type
adoption
Government branch
executive
Government body
central government