Crypto Exchange Gets Slammed: AUSTRAC Hits Cointree with $75K Fine! 🚨💸
Yes, you read it right. The portal to the digital goldmine, Cointree, blinked and missed the deadline for reporting suspicious matters, that stuff that keeps the authorities busy and the criminals, well, on edge. The Australian financial watchdog, AUSTRAC, which apparently has more patience for tardiness than a school teacher with a detention slip, handed over these fines after Cointree, in a rare act of honesty, admits it bungled the schedule. Bravo! Or perhaps just a sign of the times? 🥴