Australia introduces new regulations for cryptocurrency ATMs

BlockBeats News: On June 3rd, Australian financial intelligence agency AUSTRAC announced new regulations for cryptocurrency ATMs: a limit of AUD 5000 per cash transaction, and required operators to strengthen anti money laundering monitoring, post fraud warnings, and implement stricter customer reviews. This measure aims to address the increasingly rampant fraudulent activities. The police stated that between 2024 and 2025, the losses from related fraud cases exceeded AUD 3.1 million, and the victims were mostly aged 60-70. Australia currently has nearly 1820 encrypted ATMs, making it the third-largest market in the world. （Cointelegraph）