A new task force is cracking down on rule-violating crypto ATM operators in Australia.
With over 1,200 machines nationwide, only a few operators meet legal compliance.
AUSTRAC labels cryptocurrency as “high-risk” for scams, money laundering, and crime.
Crypto ATM operators must register, identify users, and monitor unusual transactions.
Australia joins Germany and the UK in targeting illicit crypto ATMs with fines and seizures.