Australia's financial intelligence agency, AUSTRAC, has announced new rules for cryptocurrency ATMs: A $5,000 per cash transaction, and requires operators to strengthen anti-money laundering monitoring, post fraud warnings and enforce stricter customer scrutiny. The move is designed to tackle the growing scams.
The police said that between 2024 and 2025, the related fraud losses exceeded 3.10 million Australian dollars, and the victims were mostly 60-70 years old. There are nearly 1,820 crypto ATMs in Australia, which is the third largest market in the world.
Australia has announced new regulations for cryptocurrency ATMs
2025-06-03 02:46:48
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