Home / Politics / Australia’s Government Proposes New Powers for AUSTRAC to Restrict Crypto ATMs

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

AUSTRAC said that the majority of high-value crypto ATM transactions were directly associated with scams or moving money to high-risk jurisdictions.

Australia’s Minister for Home Affairs Tony Burke seeks to grant new powers to the country’s anti-money laundering watchdog to crack down on cryptocurrency ATMs.
Burke proposed measures to enable the Australian Transaction Reports and Analysis Centre … [1553 chars]

Source: CoinDesk | Published: 2025-10-16T09:33:45Z

Credit: CoinDesk

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