Australia announces new regulations for cryptocurrency ATMs
ChainCatcher news, Australia's financial intelligence agency AUSTRAC announced new regulations for cryptocurrency ATMs: a cash transaction limit of 5,000 AUD per transaction, and operators are required to strengthen anti-money laundering monitoring, post scam warnings, and implement stricter customer verification. This initiative aims to combat the increasingly rampant scam activities.
Police stated that between 2024 and 2025, losses from related scam cases exceeded 3.1 million AUD, with victims primarily in the 60-70 age group. Australia currently has nearly 1,820 cryptocurrency ATMs, making it the third largest market in the world.
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