Two cryptocurrency exchanges in Australia have been suspended following raids of the Australian Federal Police and the Australian Transaction Reports and Analysis Centre (AUSTRAC). One man has been arrested. 

Two Cryptocurrency Exchanges Suspended

After a specialized operation in Melbourne was carried out by the Australian Federal Police in collaboration with AUSTRAC, two cryptocurrency exchanges have been suspended following the arrest of a ‘key member’ which was involved in the businesses, local media Micky reports.

The report doesn’t mention the name of the arrested individual, but it specifies that he is a 27-year-old man from Bulleen — a suburb of Melbourne. Purportedly, he has been charged with the possession of approximately 30 kilograms of drugs, including ketamine, cocaine, MDMA, and methamphetamine, as well as for its importing and trafficking.

Per the reports, the man has been associated with two cryptocurrency exchanges, the registrations of both of which have already been suspended by AUSTRAC. In addition,…

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