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TechFlow, July 17 — According to Decrypt, the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced that it has classified cryptocurrency as the top threat in its fight against financial crime. AUSTRAC CEO Brendan Thomas said the agency will prioritize enforcement in areas posing the "greatest harm," with particular emphasis on digital currency exchanges and virtual asset service providers that support instant global transfers.
According to Decrypt, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has announced that cryptocurrencies are now the top threat in its fight against financial crime. AUSTRAC CEO Brendan Thomas said the agency will prioritize enforcement in the areas posing the greatest harm, with particular emphasis on digital currency exchanges and virtual asset service providers that enable instant global transfers.
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