Australia tightens control over crypto ATMs due to fraud
The Australian Financial Crimes Agency has introduced restrictions on the operation of cryptocurrency ATMs due to the increase in cases of fraud and financial fraud, UNN writes with reference to Bloomberg.
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According to data from the Australian Transaction Reports and Analysis Centre (AUSTRAC), the number of cryptocurrency ATMs in the country has increased to more than 500 units, which has contributed to an increase in cases of fraud and financial crimes. In response, AUSTRAC has introduced new restrictions aimed at strengthening control over the operation of such ATMs.
According to the report, the new rules provide for mandatory registration of cryptocurrency ATM operators, stricter requirements for customer identification and…
