Member for Bean David Smith is highlighting concerns over the number of crypto ATMS in his electorate. Photo: Region.

There is a machine in a tobacconist in Kambah that will turn a bundle of cash into cryptocurrency and send it to a digital wallet on the other side of the world in a matter of minutes.

There is another at Cooleman Court, one at South Point and another at a petrol station in Phillip.

Seven years ago there were 23 crypto ATMs in the whole of Australia. By 2022 there were 60.

Today AUSTRAC, the agency that polices money laundering, counts more than 1800, the third-largest network of these machines in the world behind only the United States and Canada.

More than 30 of them are in the ACT and when my office went looking, we…