Crypto Technicals: TRON (TRX) breaks 21-EMA resistance, rising volatility and bullish divergence to ensure upside continuation 
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook 
Crypto Technicals: ETH/USD consolidates previous session's gains, bias bullish above 200-DMA 
Cryptocurrency Derivatives Series: HEDG Token Sinks After Bittrex Rolls-out HedgeTrade, Recovery Likely Despite Brief Halting 
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook 
Crypto Technicals: XTZ/USD struggles at 200-DMA resistance (1.1209), break above to see further gains 
Crypto Technicals: Major Cryptocurrency Support Resistance Levels 
Crypto Technicals: ETH/USD retreats from 6-week highs at 217.49, close below 200-DMA to see further weakness 
Crypto Technicals: Bitcoin turns bearish, slumps below $10,000 mark 
Crypto Technicals: BTC/USD retraces from 3-week lows, resumes range trade, bias neutral 
Crypto Technicals: Monero fails to hold 200-DMA break, slips lower to erase most of previous session's gains 
Crypto Technicals: BTG/USD Technical Analysis Summary 
Cryptocurrency Derivatives Series: BTC CME Futures Price Analysis – Technicals & Trade Setup 
- News
- Economy
- Central Banks
- Investing
- Research
- Roundups
- Digital Currency
- Insights
- Technical Analysis
- Technology
- Business
- Law
- Health
- Nature
- Fintech
- Science
- Topic
- Opinions
- EconoTimes PRO
- ©Elmin Media . All Rights Reserved.
Australia rolls out new AML/CTF laws for digital currency exchange providers
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has announced that digital currency exchange (DCE) providers would be required to meet Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) obligations, effective 3 April 2018.
AUSTRAC is Australia's financial intelligence agency with regulatory responsibility for AML/CTF.
“A ‘policy principles’ period of six months will be in place from 3 April 2018. During that period, the AUSTRAC CEO can only take enforcement action if a DCE business fails to take ‘reasonable steps’ to comply,” AUSTRAC said.
Under the new AML/CTF laws, DCE providers would be required to:
- Adopt and maintain and AML/CTF program to identify, mitigate and manage money laundering and terrorism financing risks
- Identify and verify the identities of their customers
- Report to AUSTRAC suspicious matters, and transactions involving physical currency of $10,000 or more
- Keep certain records for 7 years
AUSTRAC said that existing businesses providing DCE services will need to register by 14 May 2018, adding that there will be criminal offence and civil penalty consequences if they provide such services without being registered.
Editor's Picks
- Market Data
