
BTC/USD
ETH/USD
HCX/USD
BCH/USD
BSV/USD
LTC/USD
EOS/USD
ADA/USD
LINK/USD
BAT/USD
HBAR/USD
Australia introduced a new department with cryptocurrency experts. This crypto police department aims at creating a monitoring system for all cryptocurrency-related transactions, and the department works under the AFP (Australian Federal Police).
AFP’s criminal asset confiscation command manager, Stefan Jerga, said there had been a considerable increase in illegal activities since the famous 2018 crypto seizure. Thus, the department has started crypto police to trace the transactions as a counterattack. This department has been in action since August 2022.
Also Read: Everything You Need to Know About Crypto Credit Cards And Crypto Debit Cards
In 2020, AFP created a Criminal Assets Confiscation Taskforce for curtaining financial crimes. This task force aimed to seize 600 million dollars from these crimes. The target date set for this goal was 2024. However, in August 2022, the department reached this goal. The task force seized more than half a billion dollars two years ahead of its deadline.
Also Read: Crypto Regulations: The Need for a Compliance-Driven Crypto Broker Platform
Since Feb 2020, the department has seized 380 million dollars in commercial and residential properties, 200 million dollars in bank accounts and liquid cash, and 35 million dollars in miscellaneous items like vehicles (cars, aircraft, and boats), luxury items, artworks, and cryptocurrencies.
However, Jerga mentioned that these crypto seizures are considerably smaller than those seized in traditional assets like cash and properties. However, additional insights are feasible with more focus.
Jerga said that this task force is not enough, given the current environment. The country needs a standalone dedicated team. In the task force, the officers gained insight into the crypto world by “picking up some of this skill set as part of their overall role.” However, now the country needs crypto police, the experts who are well-versed in this realm.
Jerga mentioned that the department aims to improve crypto transactions’ traceability across blockchains. He says this ability is as crucial as child protection, national security, and others.
In early 2022, AUSTRAC (Australian Transaction Reports and Analysis Centre) raised the skepticism that cryptocurrencies are anonymous and anyone can use these across international borders, which makes them a great tool in the hands of evil forces, including neo-Nazis.
However, experts deny the anonymity of crypto transactions. Quite contrarily, the bitcoins are traceable via blockchain explorers. You can run the BTC wallet anonymously. However, making a transaction with BTC is very much traceable as each transaction is linked with KYC data.
With the new team of cryptocurrency experts up their sleeves, the AFP can have better control over crypto transactions. Believe it or not, these rules and governing agencies can help to remove the fear of cryptocurrencies among the general public, boosting the normalcy of usage.
BCH/USD
BTC/USD
ETH/USD
HCX/USD
XRP/USD
ETC/USD
BSV/USD
LTC/USD
EOS/USD
ADA/USD
LINK/USD
BAT/USD
HBAR/USD
UBU/USD
AAVE/USD
GRT/USD
YFI/USD
WBTC/USD
USDC/USD
UNI/USD
TUSD/USD
SNX/USD
SHIB/USD
PAX/USD
MATIC/USD
MKR/USD
ZEC/USD
FTT/USD
DOGE/USD
BTG/USD
BUSD/USD
CHZ/USD
COMP/USD
DAI/USD
XLM/USD
SOL/USD
XTZ/USD
DOT/USD
VTHO/USD
TRX/USD
LUNA/USD
ALGO/USD
AVAX/USD
TFUEL/USD
THETA/USD
VET/USD
NEAR/USD
BCH/BTC
BTC/BTC
ETH/BTC
HCX/BTC
XRP/BTC
ETC/BTC
BSV/BTC
LTC/BTC
EOS/BTC
ADA/BTC
LINK/BTC
BAT/BTC
HBAR/BTC
UBU/BTC
AAVE/BTC
GRT/BTC
YFI/BTC
WBTC/BTC
USDC/BTC
UNI/BTC
TUSD/BTC
SNX/BTC
SHIB/BTC
PAX/BTC
MATIC/BTC
MKR/BTC
ZEC/BTC
FTT/BTC
DOGE/BTC
BTG/BTC
BUSD/BTC
CHZ/BTC
COMP/BTC
DAI/BTC
XLM/BTC
SOL/BTC
XTZ/BTC
DOT/BTC
VTHO/BTC
TRX/BTC
LUNA/BTC
ALGO/BTC
AVAX/BTC
TFUEL/BTC
THETA/BTC
VET/BTC
NEAR/BTC
BCH/USDT
BTC/USDT
ETH/USDT
HCX/USDT
XRP/USDT
ETC/USDT
BSV/USDT
LTC/USDT
EOS/USDT
ADA/USDT
LINK/USDT
BAT/USDT
HBAR/USDT
UBU/USDT
AAVE/USDT
GRT/USDT
YFI/USDT
WBTC/USDT
USDC/USDT
UNI/USDT
TUSD/USDT
SNX/USDT
SHIB/USDT
PAX/USDT
MATIC/USDT
MKR/USDT
ZEC/USDT
FTT/USDT
DOGE/USDT
BTG/USDT
BUSD/USDT
CHZ/USDT
COMP/USDT
DAI/USDT
XLM/USDT
SOL/USDT
XTZ/USDT
DOT/USDT
VTHO/USDT
TRX/USDT
LUNA/USDT
ALGO/USDT
AVAX/USDT
TFUEL/USDT
THETA/USDT
VET/USDT
NEAR/ETH
BCH/ETH
BTC/ETH
ETH/ETH
HCX/ETH
XRP/ETH
ETC/ETH
BSV/ETH
LTC/ETH
EOS/ETH
ADA/ETH
LINK/ETH
BAT/ETH
HBAR/ETH
UBU/ETH
AAVE/ETH
GRT/ETH
YFI/ETH
WBTC/ETH
USDC/ETH
UNI/ETH
TUSD/ETH
SNX/ETH
SHIB/ETH
PAX/ETH
MATIC/ETH
MKR/ETH
ZEC/ETH
FTT/ETH
DOGE/ETH
BTG/ETH
BUSD/ETH
CHZ/ETH
COMP/ETH
DAI/ETH
XLM/ETH
SOL/ETH
XTZ/ETH
DOT/ETH
VTHO/ETH
TRX/ETH
LUNA/ETH
ALGO/ETH
AVAX/ETH
TFUEL/ETH
THETA/ETH
VET/ETH
NEAR/ETH
BCH/HCX
BTC/HCX
ETH/HCX
HCX/HCX
XRP/HCX
ETC/HCX
BSV/HCX
LTC/HCX
EOS/HCX
ADA/HCX
LINK/HCX
BAT/HCX
HBAR/HCX
UBU/HCX
AAVE/HCX
GRT/HCX
YFI/HCX
WBTC/HCX
USDC/HCX
UNI/HCX
TUSD/HCX
SNX/HCX
SHIB/HCX
PAX/HCX
MATIC/HCX
MKR/HCX
ZEC/HCX
FTT/HCX
DOGE/HCX
BTG/HCX
BUSD/HCX
CHZ/HCX
COMP/HCX
DAI/HCX
XLM/HCX
SOL/HCX
XTZ/HCX
DOT/HCX
VTHO/HCX
TRX/HCX
LUNA/HCX
ALGO/HCX
AVAX/HCX
TFUEL/HCX
THETA/HCX
VET/HCX
NEAR/HCX
BCH/INR
BTC/INR
ETH/INR
HCX/INR
XRP/INR
ETC/INR
BSV/INR
LTC/INR
EOS/INR
ADA/INR
LINK/INR
BAT/INR
HBAR/INR
UBU/INR
AAVE/INR
GRT/INR
YFI/INR
WBTC/INR
USDC/INR
UNI/INR
TUSD/INR
SNX/INR
SHIB/INR
PAX/INR
MATIC/INR
MKR/INR
ZEC/INR
FTT/INR
DOGE/INR
BTG/INR
BUSD/INR
CHZ/INR
COMP/INR
DAI/INR
XLM/INR
SOL/INR
XTZ/INR
DOT/INR
VTHO/INR
TRX/INR
LUNA/INR
ALGO/INR
AVAX/INR
TFUEL/INR
THETA/INR
VET/INR
NEAR/INR
BCH/AED
BTC/AED
ETH/AED
HCX/AED
XRP/AED
ETC/AED
BSV/AED
LTC/AED
EOS/AED
ADA/AED
LINK/AED
BAT/AED
HBAR/AED
UBU/AED
AAVE/AED
GRT/AED
YFI/AED
WBTC/AED
USDC/AED
UNI/AED
TUSD/AED
SNX/AED
SHIB/AED
PAX/AED
MATIC/AED
MKR/AED
ZEC/AED
FTT/AED
DOGE/AED
BTG/AED
BUSD/AED
CHZ/AED
COMP/AED
DAI/AED
XLM/AED
SOL/AED
XTZ/AED
DOT/AED
VTHO/AED
TRX/AED
LUNA/AED
ALGO/AED
AVAX/AED
TFUEL/AED
THETA/AED
VET/AED
NEAR/AED
BCH/EUR
BTC/EUR
ETH/EUR
HCX/EUR
XRP/EUR
ETC/EUR
BSV/EUR
LTC/EUR
EOS/EUR
ADA/EUR
LINK/EUR
BAT/EUR
HBAR/EUR
UBU/EUR
AAVE/EUR
GRT/EUR
YFI/EUR
WBTC/EUR
USDC/EUR
UNI/EUR
TUSD/EUR
SNX/EUR
SHIB/EUR
PAX/EUR
MATIC/EUR
MKR/EUR
ZEC/EUR
FTT/EUR
DOGE/EUR
BTG/EUR
BUSD/EUR
CHZ/EUR
COMP/EUR
DAI/EUR
XLM/EUR
SOL/EUR
XTZ/EUR
DOT/EUR
VTHO/EUR
TRX/EUR
LUNA/EUR
ALGO/EUR
AVAX/EUR
TFUEL/EUR
THETA/EUR
VET/EUR
NEAR/EUR
BCH/SGD
BTC/SGD
ETH/SGD
HCX/SGD
XRP/SGD
ETC/SGD
BSV/SGD
LTC/SGD
EOS/SGD
ADA/SGD
LINK/SGD
BAT/SGD
HBAR/SGD
UBU/SGD
AAVE/SGD
GRT/SGD
YFI/SGD
WBTC/SGD
USDC/SGD
UNI/SGD
TUSD/SGD
SNX/SGD
SHIB/SGD
PAX/SGD
MATIC/SGD
MKR/SGD
ZEC/SGD
FTT/SGD
DOGE/SGD
BTG/SGD
BUSD/SGD
CHZ/SGD
COMP/SGD
DAI/SGD
XLM/SGD
SOL/SGD
XTZ/SGD
DOT/SGD
VTHO/SGD
TRX/SGD
LUNA/SGD
ALGO/SGD
AVAX/SGD
TFUEL/SGD
THETA/SGD
VET/SGD
NEAR/SGD
Support Agent
*Powered by Paybito