Illicit Crypto Activity in Australia Remains Below 1%: TRM Report

Lower than 1% of Australian crypto transactions had been tied to illicit actors, even because the such entities within the nation processed $50 billion in a single yr.

Illicit exercise accounts for under a small fraction of Australia’s cryptocurrency ecosystem, at the same time as digital asset adoption continues to broaden.

In line with the evaluation by TRM Labs, lower than 1% of the nation’s whole on-chain crypto exercise between March 2025 and February 2026 was linked to illicit counterparties, which basically highlights that the overwhelming majority of transactions happen inside professional monetary and business use instances.

Australia’s Crypto Ecosystem

Over the identical interval, Australian crypto entities processed round $50 billion in whole on-chain transaction quantity, whereas the nation recorded roughly $15 billion in incoming worth to centralized exchanges and decentralized finance platforms.

Amongst 95 international locations analyzed, TRM Labs said Australia holds the twentieth place for whole crypto worth obtained, placing it within the prime quartile globally.

Regardless of the rising function of digital property in Australia’s monetary system, the publicity to prison exercise stays minimal relative to the general scale of transactions. Sanctions-related exercise accounted for the most important share of illicit publicity and represents about 70% of the full illicit quantity recognized throughout the interval.

Darknet markets ranked because the second-largest class, adopted by funding fraud and illicit items and companies. Smaller quantities of illicit exercise had been linked to classes together with banned substances, ransomware, scams, terrorist financing, and broader cybercrime. The findings reveal that whereas prison actors have more and more integrated cryptocurrencies into present monetary crime typologies, such exercise nonetheless represents a really small share of total blockchain utilization.

From Drug Markets to Broader Crimes

Traditionally, early crypto-related instances in Australia had been usually related to drug markets, however the ecosystem has since diversified as adoption expanded and digital property grew to become built-in into extra areas of monetary exercise. On the identical time, authorities have ramped up regulatory and enforcement frameworks.

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The nation has required digital forex exchanges to register with the Australian Transaction Stories and Evaluation Centre since 2018, subjecting them to anti-money laundering and counter-terrorism financing obligations resembling buyer due diligence, transaction monitoring, and suspicious matter reporting.

In the meantime, Australia secured its first main crypto-related cash laundering conviction in 2025 following Operation Taipan, which is a multi-year investigation led by Victoria Police right into a Chinese language-linked laundering syndicate that used digital asset infrastructure.