Australia Slaps $3,250 Limit on Crypto ATM Transactions

Krutika Adani

Crypto ATM Transactions

New $3,250 limit on crypto ATM withdrawals & deposits aims to combat fraud and scams across Australia.

Boom in ATMs, Spike in Scams

From 23 in 2019 to over 1,800 today—crypto ATMs in Australia surge, but so do fraud cases targeting seniors.

Tighter Rules, Stricter Oversight

AUSTRAC launches a task force, mandates enhanced KYC, scam alerts, and stricter compliance for ATM operators.

Crackdown Begins: License Revoked

One ATM provider already deregistered for ignoring rules. Non-compliant firms face shutdowns and enforcement action.

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