Australia Has Kicked 45 Crypto and Money Transfer Firms Off Its Registers

Crypto Insight Summary: Australia’s financial crime regulator has struck 45 remittance and virtual asset service provider (VASP) registrations from its registers. The cancellations, suspensions, and refused renewals span the past year. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has referred individuals behind some of those businesses to law enforcement.  Why Australia Pulled 45 Crypto Firms Off Its Crypto Insight Analysis: Direction: Bearish Crypto Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory crackdown in Australia signals increased scrutiny on crypto firms.