ChainCatcher message, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has issued a warning to cryptocurrency ATM operators, stating that some machines may be used for Money Laundering or fraud. The statement indicates that there are signs of suspicious activity associated with scams and fraud. AUSTRAC CEO Brendan Thomas stated that it will ensure that operators take measures to drop the risk of Money Laundering and fraud.
Currently, Australia has 1,648 crypto ATMs, the most in the Asia-Pacific region, with 348 located in Sydney. Recently, the United States has also strengthened its regulations on crypto ATMs, with an Illinois senator proposing a bill to limit daily transaction amounts and require refund guarantees.
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