Australia overhauls crypto ATM rules to combat rising scams

From CoinTelegraph

June 2, 2025 10:19 pm:

Australia’s financial intelligence agency introduces new rules and limits for crypto ATM operators due to rising scams. AUSTRAC enforces $3,250 limit on cash deposits and withdrawals, enhanced monitoring, and customer due diligence. Investigation shows most users are over 50, with $275 million moved through ATMs annually. AFP reports $3.1 million lost to scams. Australia now the third-largest hub for crypto ATMs. Leading providers include Localcoin, Coinflip, and Bitcoin Depot.

Read more at Cointelegraph: Australia overhauls crypto ATM rules to combat rising scams