Crypto Exchanges in Australia Suspended Following Arrest

Two cryptocurrency exchange operated in Australia have been suspended by the Australian Transaction Reports and Analysis Centre (Austrac) following arrest of a which was described as a “key member” of both exchanges. The national manager of regulatory operations fo Austrac, Dr. Nathan Newman commented, “Our decision to suspend the registration of the two businesses means they can no longer lawfully operate.”

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Crypto Exchanges in Australia Suspended Following Arrest

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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