Australia To Ban Crypto ATMs Amid Rising Money Laundering Risks

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Story Highlights* Australia plans new laws empowering AUSTRAC to restrict or ban crypto ATMs amid scam risks.

  • Crypto ATMs surged from 23 to nearly 2,000 in six years, raising security alarms.
  • AUSTRAC reveals 85% of crypto ATM users are scam victims or aiding criminal networks.
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