Security

Australia’s top financial crimes regulator AUSTRAC may soon have power to heavily regulate bitcoin ATMs, amid growing fraud concerns.

Photo: Adobe Stock

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…