Deep Tide TechFlow News, on May 18, according to Cointelegraph, Australia's Transaction Reports and Analysis Centre AUSTRAC has fined the cryptocurrency exchange Cointree AUD 75,000, approximately USD 50,000.

The reason is that the exchange failed to submit the necessary regulatory reports in a timely manner. In the penalty statement, AUSTRAC warned that if Cointree continues to violate compliance requirements, it will face harsher regulatory measures.