According to ABC News, Australian Home Affairs Minister Tony Burke has announced new regulations for cryptocurrency ATMs, calling the devices "high-risk products" related to money laundering, fraud, and child exploitation.
According to Burke, the number of cryptocurrency ATMs in Australia has ballooned from 23 to more than 2,000 in six years. The Australian Transaction Reports and Analysis Centre (AUSTRAC) survey found that 85% of large user transactions involved fraud or money laundering.
The proposed legislation would empower AUSTRAC to restrict or ban "high-risk products", specifically targeting cryptocurrency ATMs. Burke said the bill would be introduced in parliament in the coming months, but declined to say whether it would ban the devices altogether.
Australia's Home Affairs Minister Announces Stringent Measures to Crack Down on Cryptocurrency ATMs
2025-10-16 04:44:26
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
澳大利亚内政部长宣布严厉措施打击加密货币 ATM
