Australian Government Tracks Every Aud Conversion Into Bitcoin

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In a report published earlier today on ZDNet, a representative from the Australian Transaction Reports and Analysis Centre (Austrac) confirmed that the Australian government are tracking every visible conversion of Bitcoin into and out of Australian dollars (AUD). The anti-money laundering agency’s CEO, John Schmidt, made the statement while giving a statement before Australia’s Senate.

The Australian Transaction Reports and Analysis Centre (Austrac), the Australian government agency responsible for countering money laundering and the financing of terrorism, is able to track.

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Australian government tracks every AUD conversion into bitcoin The Australian government’s anti-money laundering and counter-terrorism financing arm knows of each conversion from Australian dollars into bitcoins, and vice versa. The Australian Transaction Reports and Analysis Centre (Austrac), the Australian governmen