Australia Tightens Crypto Regulation with Focus on Inactive Exchanges

The Australian government is taking action against inactive cryptocurrency exchanges to ensure compliance and prevent potential risks within the country’s rapidly growing crypto sector. Starting April 30, 2025, AUSTRAC, Australia’s financial intelligence unit, has begun focusing its efforts on inactive exchanges, urging them to either resume operations or face cancellation of their registrations. This crackdown highlights a broader regulatory stance towards compliance and risk mitigation.