45 Crypto Exchange and Remittance Licenses Canceled or Suspended in Australia

Australia's Transaction Reports and Analysis Centre, AUSTRAC, said it has canceled or suspended the licenses of 45 remittance and digital currency exchange providers over the past year through Tuesday, 17 Shahrivar 1405 (September 8, 2026), and has declined to renew registration for a number of others, ArzDigital reported. The regulator has also referred individuals linked to the management of some of these businesses to law enforcement agencies. AUSTRAC said some of the firms were inactive or insolvent, some lacked sufficient operational capacity to provide digital asset services, and others failed to report fundamental changes to their business structure or violated registration rules; however, the agency said the primary reason for the cancellations was the high risk of money laundering and terrorism financing. AUSTRAC chief executive Brendan Thomas said in a statement that rapid cross border money transfers can create the highest level of money laundering and terrorism financing risk, and that the action came alongside the earlier shutdown of the Cryptolink platform and the deactivation of 96 crypto ATMs.