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Australian Woman Charged With Unlawfully Exchanging Over $3M In Crypto

Ramsey Baker

Summary: A 52-year-old Australian woman was charged by New South Wales State Police for illegally exchanging millions of dollars in cash for cryptocurrency, in what is believed to be the first case of its kind in Australia. According to a report from 9News Australia on Friday, detectives from the New South Wales (NSW) Cybercrime Squad charged ...

A 52-year-old Australian woman was charged by New South Wales State Police for illegally exchanging millions of dollars in cash for cryptocurrency, in what is believed to be the first case of its kind in Australia.

According to a report from 9News Australia on Friday, detectives from the New South Wales (NSW) Cybercrime Squad charged the unnamed woman shortly after police searched her car and found AU$60,000 (US$38,736) in cash and 3.8 bitcoin, worth around on a hard wallet device.

Police stated that in court it will be alleged that the woman had transacted bitcoin valued at more than AU$5 million (US$3.22 million) since 2017.

By Ramsey Baker

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Link: Australian Woman Charged With Unlawfully Exchanging Over $3M In Crypto   [Copy]
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