Australia to crack down on crypto ATM money laundering, scams
Security
Australia’s top financial crimes regulator AUSTRAC may soon have power to heavily regulate bitcoin ATMs, amid growing fraud concerns.
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October 17, 2025 by Bradley Cooper — Editor, ATM Marketplace & Food Truck Operator
Australia will soon be cracking down on cryptocurrency ATMs. Tony Burke, minister for Home Affairs, will enable the Australia’s anti-money laundering, counter-terrorism financial regulator and financial intelligence unit AUSTRAC to “restrict or prohibit certain high-risk products, service or delivery channels,” a press release states.
Burke has introduced a law to give AUSTRAC these powers, which AUSTRAC CEO Brendan Thomas said he will use immediately.
“Having a power like this enables the CEO to…
