Wu Blockchain has learned that the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced that over the past year, it has canceled, suspended, or refused to renew the registrations of 45 remittance institutions and Virtual Asset Service Providers (VASPs), removing these entities from its registry. The affected businesses include those lacking operational capacity, inactive for extended periods, insolvent, with incorrect registration information, or posing significant risks of money laundering and terrorist financing. AUSTRAC also revealed that on June 4, it canceled the VASP registration of BA Digital Ventures (operating under the name GetCoins), which was reportedly exploited by organized crypto investment scam groups. Some individuals associated with these businesses have been referred to Australian and international law enforcement or regulatory agencies. https://(wublock123.com)/news/australia-austrac-deregisters-45-remittance-virtual-asset-providers-68004