Australia’s financial watchdog has rolled out fresh regulations for crypto ATMs, setting a $5,000 AUD transaction limit and stricter fraud controls.
The move follows warnings from law enforcement about rising scams involving the machines.
AUSTRAC’s June 3 guidelines, while currently binding only for ATM operators, encourage crypto exchanges to adopt comparable restrictions for cash-based transactions.
CEO Brendan Thomas stressed that the rules aim to shield both consumers and businesses from exploitation, with adjustments possible based on real-world outcomes.
