TechFlow, May 18 — According to Cointelegraph, Australia's Transaction Reports and Analysis Centre (AUSTRAC) has fined cryptocurrency exchange Cointree 75,000 Australian dollars, approximately 50,000 U.S. dollars.
The penalty was imposed because the exchange failed to submit required regulatory reports on time. In its enforcement statement, AUSTRAC warned that if Cointree continues to breach compliance obligations, it may face stricter regulatory actions.
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