Two cryptocurrency exchanges in Australia have been suspended following raids of the Australian Federal Police and the Australian Transaction Reviews and Evaluation Centre (AUSTRAC). One man has been arrested.
After a specialised operation in Melbourne was carried out by the Australian Federal Police in collaboration with AUSTRAC, two cryptocurrency exchanges have been suspended following the arrest of a ‘key member’ which was concerned within the companies, native media Micky stories.
The report doesn’t point out the identify of the arrested particular person, nevertheless it specifies that he’s a 27-year-old man from Bulleen — a suburb of Melbourne. Purportedly, he has been charged with the possession of roughly 30 kilograms of medication, together with ketamine, cocaine, MDMA, and methamphetamine, in addition to for its importing and trafficking.
Per the stories, the person has been related to two cryptocurrency exchanges, the registrations of each of which have already been suspended by AUSTRAC. As well as, property, cryptocurrency, and cash for greater than AU$2M have additionally been restrained by the Federal Police following a court docket order.
Whereas the stories haven’t but revealed which the 2 cryptocurrency exchanges are, it particulars that they received’t function till additional discover.
Talking on the matter was Dr. Nathan Newman, AUSTRAC’s Nationwide Supervisor of Regulatory Operations, who mentioned:
AUSTRAC’s position is to discourage and disrupt felony exploitation of Australia’s monetary system and we take swift motion the place there’s a affordable danger of compromise. Our determination to droop the registration of the 2 companies means they’ll not lawfully function.
It stays unclear how that is going to have an effect on the purchasers of those cryptocurrency exchanges.
Earlier in 2018, Bitcoinist reported that scammers have managed to con as a lot as $50,000 out of standard folks utilizing a pretend tax debt fraud.
What do you consider the actions of the Australian Federal Police and AUSTRAC? Don’t hesitate to share your ideas down under!
Pictures courtesy of Shutterstock.
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