Australia's financial intelligence agency plans to include about 80,000 businesses, including the encryption industry, in the AML regulatory framework.

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Odaily News The Australian financial intelligence agency AUSTRAC announced on Wednesday that it has identified Crypto Assets as one of the key threats in its current fight against financial crime. Starting in 2026, it plans to include around 80,000 businesses, including the crypto industry, in its Anti-Money Laundering regulatory framework, marking the largest expansion of Australia’s AML legislation in decades. AUSTRAC CEO Brendan Thomas stated that future regulations will shift from "compliance checks" to the prevention and control of "substantive risks and harms," with a particular focus on the role of virtual asset service providers in the instant transfer of funds globally. (Decrypt)

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