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Australia Cracks Down On Bitcoin Exchanges; Shrugs Off Banks' "Systemic" Money-Laundering Violations

Australian Government Is Cracking Down On The Nonexistent Bitcoin Money-Laundering Epidemic Australia’s largest banks can’t seem to go six months without a new scandal. In April, regulators accused Commonwealth Bank, one of the country’s largest financial institutions, of “systemic” money laundering violations, sparking an investigation into the broader banking sector, and the promise of heavy-handing civil penalties.
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