New regulations of bitcoin exchanges took effect in Australia

From now on, cryptocurrency exchanges of Australia must follow some mandatory rules, including: to be registered in AUSTRAC; to introduce and support the AML/CTF program; to identify and verify users; to report any suspicious activity and transactions of 10,000 AUD (about $7700) and more. Besides, trading platforms are obliged to store records within seven years.
It is noted that providing the unregistered financial services is punishable under criminal and administrative law.