AUSTRAC reports an increase in criminals using cryptocurrency to launder money! 💸

- Report 2024: Crime using cryptocurrencies, exchanges and unregistered money transfer services increases.

- Cash is still king in money laundering, but cryptocurrency is on the rise due to its anonymity and fast transactions.

- AUSTRAC requires crypto exchanges to register under AML/CTF laws.

- The Australian government prohibits the use of crypto and credit cards for online gambling.

What do you think about this? Share your opinion! ⬇️