Australia will be one of a initial countries to umpire bitcoin and other cryptocurrencies underneath a guise of anti-money laundering and counter-terrorism laws.
The offer comes following a recover of a news from a Australian Transaction Reports and Analysis Center (AUSTRAC) that argues that “electronic, online and new remuneration methods” are posing an rising terrorism financing risk.
“Terrorist groups intent in radicalization, recruitment and communication online (such as by amicable media) are a quite high risk of regulating online payments systems and digital currencies,” the news claims (pdf).
“While digital currencies have undoubted legitimate uses, a send of automobile digital currencies can start but flitting by a grave financial sector…this provides another apparatus for criminals and militant financers to pierce and store unlawful supports over a strech of law coercion and other authorities and squeeze unlawful products and services,” a reported added.
While providing no tough justification of bitcoin use in