New rules for Australia's crypto-exchanges have been published

Australia's crypto-exchanges are required to comply with the new provisions of the anti-money laundering and terrorist financing Act.

The innovations include the identification and verification of the identity of customers, as well as the obligation to notify AUSTRAC (Australian Transaction Reporting and Analysis Center) of suspicious transactions and transactions for more than $ 10,000. In addition, crypto-exchanges are required to store information during 7 years.

Companies providing digital currency exchange and money transfer services are required to register with AUSTRAC till May 14^th, 2018.

On materials of the following website: http://www.austrac.gov.au/news/digital-currency-exchange-providers-register-online-austrac