Australian regulators warn crypto ATM operators to guard against money laundering risks

2025-03-31 14:16:36

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ChainCatcher news, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has issued a warning to cryptocurrency ATM operators, indicating that some machines may be used for money laundering or fraud. The statement shows that there are signs of suspicious activities related to scams and fraud involving cryptocurrency ATMs.

AUSTRAC CEO Brendan Thomas stated that it will ensure operators take measures to reduce the risks of money laundering and fraud.

Currently, Australia has 1,648 cryptocurrency ATMs, the most in the Asia-Pacific region, with 348 located in Sydney. Recently, the United States has also strengthened regulations on cryptocurrency ATMs, with an Illinois senator proposing a bill to limit daily transaction amounts and require refund protections.

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