New Limits for Crypto ATMs in Australia Tighten Regulation

Australia’s financial intelligence agency, AUSTRAC, has implemented new regulations for crypto ATMs in the country. These changes target the potential misuse of these machines and aim to reduce criminal activity. The key updates include a $3,250 transaction limit, fraud warnings on ATM screens, and more robust transaction monitoring systems. These measures are intended to enhance regulatory oversight of crypto ATM operators and protect users from scams while fostering a safer cryptocurrency ecosystem in Australia.