Australia announces new regulations for cryptocurrency ATMs

AUSTRAC, the Australian financial intelligence agency, announced new regulations on cryptocurrency ATMs: a cash transaction limit of 5000 Australian dollars per transaction, and operators are required to strengthen anti-money laundering monitoring, post fraud warnings, and implement stricter customer checks. This measure is aimed at combating increasingly rampant fraud.

Police said that between 2024 and 2025, the losses from related fraud cases exceeded 3.1 million Australian dollars, with the majority of victims being in the 60-70 age group. Australia currently has nearly 1820 cryptocurrency ATMs, making it the third largest market globally.