Australia's Government Proposes New Powers for AUSTRAC to Restrict Crypto ATMs

The government of Australia has put forward a proposal aimed at granting the Australian Transaction Reports and Analysis Centre (AUSTRAC) increased authority and capabilities to impose restrictions on cryptocurrency automated teller machines (ATMs). This initiative is part of a broader effort to enhance regulatory oversight and address potential risks associated with cryptocurrency transactions, ensuring greater compliance with financial laws and regulations. The proposal reflects the government's commitment to safeguarding the financial system while also adapting to the rapidly evolving landscape of digital currencies and their use in various financial activities across the country. source: https://www.coindesk.com/policy/2025/10/16/australia-s-government-proposes-new-powers-for-austrac-to-restrict-crypto-atms