AUSTRAC Sets New Cash Withdrawal Limits for Crypto ATMs in Australia

Australia’s financial intelligence agency, AUSTRAC, has imposed new regulations on cryptocurrency Automated Teller Machines (ATMs), significantly impacting their operation. The new rules restrict daily cash withdrawals from crypto ATMs to a maximum of AU$5,000. This decision follows concerns about the potential for these machines to be used in illegal activities, as reported by COINTURK NEWS. ]