PANews reported on February 17 that according to Cointelegraph, the Australian Transaction Reports and Analysis Center (AUSTRAC) has taken regulatory actions against 13 remittance service providers and cryptocurrency exchanges, and issued compliance warnings to more than 50 institutions. AUSTRAC CEO Brendan Thomas said that the agency rejected the registration renewal applications of six providers because the key personnel of these institutions had serious violations that affected their integrity. Another two providers were subject to conditional restrictions for failing to meet the requirements within the deadline.

Currently, there are 417 digital currency exchanges and 5,112 remittance agencies registered with AUSTRAC in Australia. It is worth noting that two defunct cryptocurrency exchanges, FTX Australia subsidiaries FTX Express and Zipmex Australia, have been removed from the country's digital currency exchange registration list. AUSTRAC said the action stemmed from the agency's discovery of a systemic problem of unreported and underreported suspicious transactions in the remittance and digital currency exchange industries. The agency plans to strengthen supervision of the cryptocurrency industry in 2025.