The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Reform Consultation Roundtable, organized with the Attorney-General’s Office (AGO), provided a focused platform for key industry participants, including ABIB, to engage directly with policymakers on proposed reforms to Australia’s AML/CTF laws. This consultation was crucial for addressing the challenges and opportunities within the Bitcoin-only sector under the current […]
ABIB members held a video meeting with Monoova, a leading payments solutions provider, to discuss strategies for reducing and preventing fraud targeting Bitcoin Exchanges. This meeting was a key initiative in ABIB’s ongoing efforts to enhance security and protect consumers. During the meeting, ABIB and Monoova explored several crucial areas related to fraud prevention, including: […]
We have made a submission in regards to Modernising Australia’s anti-money laundering and counter-terrorism financing regime. ABIB submitted its response to the Attorney-General’s consultation on modernizing Australia’s AML/CTF laws, advocating for a distinct regulatory framework for Bitcoin-only businesses. The submission emphasized that Bitcoin, as a decentralized commodity, should be treated differently from other cryptocurrencies, which […]