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      Australia Removes 45 High-Risk Crypto and Remittance Service Registrations in One Year

      PANews, September 8 – According to Cointelegraph, Australia's financial intelligence regulator AUSTRAC has canceled, suspended, or refused to renew the registrations of 45 cryptocurrency and remittance service providers over the past year, citing reasons including prolonged inactivity, insolvency, lack of operational capacity, failure to report significant changes as required, false registration information, and significant money laundering or terrorist financing risks. AUSTRAC emphasized that institutions whose registrations have been canceled are not permitted to continue operating, and some associated individuals have been referred to Australian and overseas law enforcement or regulatory agencies. The named BA Digital Ventures (GetCoins) had its virtual asset registration canceled in June due to suspicions of being exploited by organized crypto investment scams. It is reported that this move is coordinated with the National Anti-Scam Centre, aimed at combating related fraudulent activities.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud