- AUSTRAC expands crypto transaction oversight with new rules.
- Regulations target transactions over A$10,000.
- Changes affect BTC, ETH, and exchanges.
AUSTRAC initiated a public consultation on May 19, 2025, in Australia, discussing updated regulations under the AML/CTF framework for the crypto sector.
Proposed regulations by AUSTRAC could reshape compliance and cost structures within the crypto industry, impacting market dynamics.
AUSTRAC, the Australian agency for AML/CTF control, has begun a second public consultation on new regulatory rules affecting digital assets. This initiative continues AUSTRAC’s historical oversight role in mitigating risks within the crypto landscape.
The proposed changes from AUSTRAC focus on strengthening oversight for transactions exceeding A$10,000, a move impacting businesses handling cryptocurrencies. This includes Bitcoin, Ethereum, and other assets managed by registered entities.
Anticipated regulatory adjustments by AUSTRAC may lead to changes in compliance costs and operational shifts for crypto exchanges. Industry observers suggest these updates may influence cross-border transactions and the overall market landscape.
“AUSTRAC warns that new industries and services—including those handling digital currency transfers over A$10,000—will soon fall under expanded oversight, requiring stricter customer verification and transaction monitoring.”
Potential adjustments into broader regulations indicate similar measures historically leading to industry consolidation and policy changes. AUSTRAC’s revisions follow previous amendments since 2018, suggesting consistent regulatory expansion to adapt to emerging crypto market trends.
Experts anticipate these rules might prompt variations in transactional scrutiny and compliance reporting. They note historical precedents where regulatory updates have coincided with temporary disruptions and market adaptations.
