TRM Labs: Illicit Crypto Activity in Australia Stayed Under 1% From March 2025 to February 2026

An analysis by TRM Labs found that less than 1% of on-chain crypto activity in Australia between March 2025 and February 2026 involved illicit counterparties, even as local entities processed about $50 billion in transaction volume. Sanctions-related flows made up roughly 70% of identified illicit volume, while darknet markets, investment fraud, and illegal goods and services formed the next largest categories. Australia's framework requiring digital currency exchanges to register with the Australian Transaction Reports and Analysis Centre has coincided with a diversified crypto ecosystem and limited criminal exposure.