Crystal Intelligence has partnered with Banxa to enhance crypto compliance in Australia, addressing new regulatory requirements set by the Australian Securities and Investments Commission (ASIC). This collaboration aims to bolster Banxa's security operations and ensure adherence to the AML/CTF regime as the country tightens its regulatory framework for digital assets. As part of these efforts, AUSTRAC has formed a task force to tackle non-compliance among crypto ATM providers, highlighting the increasing exploitation of crypto for money laundering.
