Australia’s Crypto ATMs Under Fire — Regulators Push for Ban Powers

Australia is set to intensify oversight of crypto ATMs by granting the Australian Transaction Reports and Analysis Centre (AUSTRAC) authority to restrict or ban high‑risk services. Regulators cite growing concerns over fraud, money laundering, and other illicit activities linked to these machines. Rapid Expansion Raises Concerns The number of crypto ATMs in Australia has surged from roughly 23 in 2019 to over 2,000 today. A survey of frequent users indicated that about 85 % were either victims of scams or acting as intermediaries for illicit funds source: https://beincrypto.com/australia-tightens-rules-on-crypto-atms/