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Starting from 2026, Australia will include 80,000 businesses under AML regulations, with the encryption industry being a key focus.
[Coin World] The Australian financial intelligence agency AUSTRAC issued a statement this Wednesday, listing crypto assets as one of the key threats in the current fight against financial crime. Starting in 2026, it plans to include about 80,000 businesses, including the crypto industry, in the AML regulatory framework, marking the largest expansion of Australia's AML legislation in decades. AUSTRAC CEO Brendan Thomas stated that future regulation will shift from "compliance checks" to the prevention and control of "substantive risks and harms," with particular focus on the role of virtual asset service providers in the global instant transfer of funds.