Austrac Suspends 45 Crypto Firms Amid Ongoing Compliance Concerns

Australia's AUSTRAC has taken significant action against several crypto and remittance firms, cutting 45 companies from its official registers. This move comes amidst ongoing concerns regarding compliance.

Cryptolink Pty Ltd's Virtual Asset Service Provider registration was suspended for three months starting August 9, forcing the company to cease operations.

The U.S. Securities and Exchange Commission (SEC) has requested public comments on the regulation of 'novel ETFs,' including funds linked to cryptocurrencies and prediction markets.