
HYPE Falls 6% As CME, ICE Target Hyperliquid Over Oil Risks
HYPE token falls 6% as CME and ICE target Hyperliquid over oil risks.

AUSTRAC has initiated two supervisory campaigns targeting Australia's virtual assets sector as new anti-money laundering regulations come into effect. These campaigns focus on assessing money laundering risk management across various crypto businesses, expanding oversight beyond traditional exchanges.
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We’re conducting 2 supervisory campaigns aimed at Australia’s virtual assets sector.
We’re engaging with dozens of crypto businesses and exchanges to focus on how they’re managing their AML/CTF risks & prepare them for upcoming reforms.
Read more: pic.twitter.com/JtcchHdLv9
— AUSTRAC (@AUSTRAC) May 8, 2026 AUSTRAC is conducting two distinct supervisory campaigns targeting crypto businesses across Australia. The agency is engaging with 36 over-the-counter crypto-to-cash operators in what it calls the "ramps and rails" campaign, focusing on businesses that facilitate the conversion between cryptocurrencies and traditional cash. The second campaign targets 27 local crypto exchanges, with emphasis on assessing their readiness for the regulatory reforms and reviewing their governance arrangements. These supervisory efforts are designed to evaluate how well businesses are managing money laundering risks under the expanded regulatory framework. "We will continue to provide advice and guidance to assist businesses on how to comply so they are well equipped to manage their AML/CTF obligations ," Thomas said. The regulatory overhaul extends beyond traditional exchanges. Australia has adopted the internationally recognized term "virtual asset service provider" (VASP), replacing the narrower definition of "digital currency exchange." The expanded framework now applies anti-money laundering obligations to custody, brokerage, and other virtual asset services beyond traditional cash-to-crypto exchange models. "This is more than a name change," Thomas said, adding that it “reflects how this sector has evolved and ensures our regulatory framework remains relevant." The supervision campaigns come as Australia implements major anti-money laundering reforms that , expanding oversight beyond traditional exchanges to encompass Virtual Asset Service Providers (VASPs)—an internationally recognized term covering custody, brokerage, and other crypto services. AUSTRAC, Australia's financial intelligence unit responsible for anti-money laundering and counter-terrorism financing regulation, replaced the country's narrower "digital currency exchanges" definition to align with global standards. Additional Travel Rule requirements for virtual asset transfers will become mandatory on July 1. The regulator last year identified crypto as a in its financial crime crackdown efforts. At the time, Thomas stated that the sector was undergoing a regulatory shift “from regulation that primarily checks for compliance to one focussed on substantive risks and harms,” monitoring risk and behaviour at an “industry and sector level” rather than focusing on individual entities.
AUSTRAC's new reforms broaden the regulatory framework to include custody, brokerage, and other virtual asset service providers, moving beyond just traditional exchanges.
AUSTRAC is engaging with 36 over-the-counter crypto-to-cash operators and 27 local crypto exchanges as part of its supervisory campaigns.
Australia's new anti-money laundering reforms took effect on March 31, expanding oversight to include Virtual Asset Service Providers (VASPs).

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