• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    CleanSpark's Strategic Bitcoin Acquisition and Financial Moves

    CleanSpark Expands Bitcoin Holdings with 184 BTC Purchase

    James Lavish Criticizes Federal Reserve's Market Impact

    James Lavish Criticizes Federal Reserve’s Market Impact

    Walmart's OnePay to Launch Bitcoin, Ethereum Services

    Walmart’s OnePay to Launch Bitcoin, Ethereum Services

    CleanSpark's Strategic BTC Holdings Expansion in September 2025

    CleanSpark Increases Bitcoin Holdings to Over 13,000 BTC

    Bitcoin Shorts Liquidated as Price Nears New ATH

    Bitcoin Shorts Liquidated as Price Nears New ATH

    Bitcoin Market Update: Surge Driven by Institutional Inflows and Whale Accumulation

    Bitcoin Market Cap Gains $124 Billion in ‘Uptober’

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    Vitalik Buterin's Vision Shapes Ethereum's Future Roadmap

    Vitalik Buterin’s Vision Shapes Ethereum’s Future Roadmap

    Binance's Q3 Milestone Spurs BNB Rally

    Binance’s Q3 Milestone Spurs BNB Rally

    ASTER Token Surges 14%, Experts Predict $3 Target

    ASTER Token Surges 14%, Experts Predict $3 Target

    MetaMask Set to Launch $MASK Token: A New Era of Decentralization

    MetaMask Prepares for $MASK Token Airdrop

    Ethereum Hits Record 1.7M Daily Transactions Amid DeFi Surge

    Ethereum Hits Record 1.7M Daily Transactions Amid DeFi Surge

    Ethereum Hits Record 1.7M Transactions in a Day

    Ethereum Hits Record 1.7M Transactions in a Day

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Cointree Fined $75K by AUSTRAC for Late Reports

Solomon M. by Solomon M.
May 18, 2025
in Latest News
modern cityscape crypto
Key Points:
  • AUSTRAC fines Cointree $75K for late report submissions.
  • Regulatory tightening expected in 2026.
  • No immediate market impact observed.
austrac-fines-cointree-for-late-reporting-a-wake-up-call-for-crypto-exchanges
AUSTRAC Fines Cointree for Late Reporting: A Wake-Up Call for Crypto Exchanges

AUSTRAC has fined Melbourne-based cryptocurrency exchange Cointree Pty Ltd AUD 75,120 for not submitting timely suspicious matter reports, sparking regulatory concerns.

AUSTRAC’s enforcement of fines underscores its commitment to strict regulation and transparency within the crypto space.

Background

Cointree’s recent penalty for delayed suspicious matter reports has highlighted the need for timely regulatory compliance. AUSTRAC, Australia’s financial intelligence agency, issued a fine of AUD 75,120 emphasizing the necessity of prompt submissions. The agency stresses that continuous reporting lapses could result in stricter penalties, affecting future operational protocols.

Impact and Response

Cointree, lacking public statements on the matter, faces no direct cryptocurrency asset impacts, but must enhance internal processes. AUSTRAC’s warnings highlight regulatory compliance as an industry-wide priority, pushing exchanges towards improved operational transparency and adherence. As Brendan Thomas, CEO of AUSTRAC, stated, “Failing to submit SMRs on time denies AUSTRAC and its law enforcement partners the opportunity to act on the information in a timely manner.”

Future Implications

AUSTRAC’s decision aims to strengthen compliance across digital exchanges in Australia. This action signals the forthcoming adoption of tougher digital asset regulations from March 2026, affecting the broader cryptocurrency sector towards higher standards of integrity.

Moving forward, financial penalties and regulatory actions may escalate for non-compliance, compelling exchanges to implement stringent measures.

AUSTRAC’s initiative predicts tighter regulatory frameworks for crypto exchanges, underscoring the crucial importance of regulatory adherence.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

AUSTRAC Fines Cointree AU$75,120 for Reporting Delay

Next Post

Cathie Wood’s ARK Invest Raises Bitcoin Forecast

Solomon M.

Solomon M.

Related Posts

MicroStrategy's Bitcoin Strategy: A Catalyst for Corporate Adoption

MicroStrategy’s Bold Bitcoin Move Drives Institutional Adoption

by Solomon M.
October 4, 2025

Michael Saylor's MicroStrategy accelerates Bitcoin as a corporate treasury asset, fueling institutional interest.

Coinbase Seeks National Banking License Amid Industry Growth

Coinbase Seeks National Banking License Amid Industry Growth

by Solomon M.
October 4, 2025

Coinbase applies for a national banking license, joining Ripple and Circle, to enhance credibility and stability.

Rothschild Increases Coinbase Target Price

Rothschild Raises Coinbase Target to $417 Citing Institutional Demand

by Solomon M.
October 3, 2025

Rothschild & Co raises Coinbase target price to $417, highlighting institutional demand and crypto adoption.

Bitget Partners with UNICEF to Train 300,000 in Blockchain

Bitget Partners with UNICEF to Train 300,000 in Blockchain

by Solomon M.
October 3, 2025

Bitget teams up with UNICEF for a blockchain education initiative targeting global youth.

TOKEN2049 Singapore 2025 Overview

High-Profile Lineup Headlines TOKEN2049 Singapore 2025

by Solomon M.
October 3, 2025

TOKEN2049 Singapore 2025 features key industry leaders, focusing on crypto advancements.

Coinbase Alerts on Crypto Treasury Firm Consolidation

Coinbase Alerts on Crypto Treasury Firm Consolidation

by Solomon M.
October 3, 2025

Coinbase warns of consolidation in the digital asset treasury sector, led by major market players.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.