Anti-money laundering regulator AUSTRAC has refused to renew a crypto ATM operator’s licence and introduced transaction limited and tougher requirements to prevent cybercriminals from using the machines to extract money from victims.
Anti-money laundering regulator AUSTRAC has refused to renew a crypto ATM operator’s licence and introduced transaction limited and tougher requirements to prevent cybercriminals from using the machines to extract money from victims.
Crypto ATMs allow people to buy cryptocurrency with cash and send tokens to a digital wallet.
Over several months, an AUSTRAC taskforce investigating their use uncovered activity linked to scams, fraud and…







