Krutika Adani
New $3,250 limit on crypto ATM withdrawals & deposits aims to combat fraud and scams across Australia.
From 23 in 2019 to over 1,800 today—crypto ATMs in Australia surge, but so do fraud cases targeting seniors.
AUSTRAC launches a task force, mandates enhanced KYC, scam alerts, and stricter compliance for ATM operators.
One ATM provider already deregistered for ignoring rules. Non-compliant firms face shutdowns and enforcement action.