{"id":367510,"date":"2025-06-03T07:06:56","date_gmt":"2025-06-03T07:06:56","guid":{"rendered":"https:\/\/cryptonews.com\/?post_type=web-story&#038;p=367510\/"},"modified":"2025-06-03T07:06:56","modified_gmt":"2025-06-03T07:06:56","slug":"australia-imposes-new-restrictions-on-crypto-atms-amid-rising-scams","status":"publish","type":"web-story","link":"https:\/\/cryptonews.com\/web-stories\/australia-imposes-new-restrictions-on-crypto-atms-amid-rising-scams\/","title":{"rendered":"Australia Imposes New Restrictions on Crypto ATMs Amid Rising Scams"},"content":{"rendered":"<!DOCTYPE html>\n<p><br>\n<\/p><meta charset=\"utf-8\"><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1\"><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><link href=\"https:\/\/fonts.googleapis.com\/css2?display=swap&#038;family=Noto+Sans%3Awght%40400%3B700\" 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-amp-start{from{visibility:hidden}to{visibility:visible}}@-moz-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@-ms-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@-o-keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}@keyframes -amp-start{from{visibility:hidden}to{visibility:visible}}<\/style><p><noscript><\/noscript><\/p><style amp-boilerplate=\"\">body{-webkit-animation:none;-moz-animation:none;-ms-animation:none;animation:none}<\/style><p><\/p><body><amp-story standalone=\"\" publisher=\"Cryptonews\" publisher-logo-src=\"https:\/\/cryptonews.com\/wp-content\/uploads\/2023\/12\/Group-2.png\" title=\"Australia Imposes New Restrictions on Crypto ATMs Amid Rising Scams\n\" poster-portrait-src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/06\/03070652\/cropped-1748926834-image-1748924436675_optimized-1.jpg\"><amp-story-page id=\"2ca69140-2b6f-4c8c-968a-dd62cf9f7cee\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#211b2e\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-676362db-0a7b-4d70-b4ca-999b0e6cc133\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.70874%;width:105.09709%;height:118.77023%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-44157e02-6ac3-448b-87a4-ae061951dc69\">\n<div style=\"position:absolute;width:100%;height:100.00519%;left:0%;top:-0.00259%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102107\/1728037267-bg.png\" alt=\"1728037267-bg\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102107\/1728037267-bg.png 840w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102107\/1728037267-bg-768x1302.png 768w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102107\/1728037267-bg-604x1024.png 604w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102107\/1728037267-bg-450x763.png 450w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102107\/1728037267-bg-177x300.png 177w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102107\/1728037267-bg-150x254.png 150w\" sizes=\"(min-width: 1024px) 47vh, 105vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:14.56311%;top:23.30097%;width:71.35922%;height:29.77346%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6802721088435374% 0.6802721088435374% 0.6802721088435374% 0.6802721088435374% \/ 1.0869565217391304% 1.0869565217391304% 1.0869565217391304% 1.0869565217391304%\" id=\"el-c84e0ad4-b754-4ff1-8c6a-74e053203d52\">\n<h2 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.8775510204081639% 0;font-family:\"Noto Sans\",sans-serif;font-size:0.485437em;line-height:1.19;text-align:center;padding:0;color:#000000'><span><span style=\"font-weight: 700; color: #fff\">Australia Imposes New Restrictions on Crypto ATMs Amid Rising Scams<\/span><br>\n<span style=\"color: #fff\"><br>\n<\/span><\/span><\/h2>\n<p><span class=\"replacer\"><\/span><\/p><\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0.24272%;top:75.88997%;width:100%;height:66.66667%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-5a19105f-d401-4794-b68b-bd3c4e0d9739\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big.png\" alt=\"1728037297-rec-element-big\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big.png 849w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-768x768.png 768w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-450x450.png 450w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-300x300.png 300w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-150x150.png 150w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-96x96.png 96w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-64x64.png 64w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:37.86408%;top:59.70874%;width:24.27184%;height:16.18123%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-d52a8c62-ed59-4bfb-8f54-d97fa66e281f\">\n<div style=\"position:absolute;width:100.00002%;height:100%;left:-0.00001%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big.png\" alt=\"1728037297-rec-element-big\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big.png 849w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-768x768.png 768w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-450x450.png 450w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-300x300.png 300w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-150x150.png 150w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-96x96.png 96w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04102137\/1728037297-rec-element-big-64x64.png 64w\" sizes=\"(min-width: 1024px) 11vh, 24vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:42.23301%;top:6.14887%;width:15.53398%;height:10.35599%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-e47bae71-30ef-4a06-8541-840e40424d9d\">\n<div style=\"position:absolute;width:100.00003%;height:100%;left:-0.00002%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04103040\/1728037840-logo-mono.png\" alt=\"1728037840-logo-mono\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04103040\/1728037840-logo-mono.png 80w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/10\/04103040\/1728037840-logo-mono-64x64.png 64w\" sizes=\"(min-width: 1024px) 7vh, 16vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"46218637-c546-48fe-918c-a37a0ac1e8cf\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-3dec9833-2de1-46d2-9d25-832c14094696\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:61.65049%;width:33.25243%;height:47.57282%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-3e0f1758-87d7-4fd9-aa49-8ce89e0b1b7e\">\n<div class=\"fill\" style=\"background-color:#fff;will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:46.44013%;width:82.52427%;height:12.78317%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5882352941176471% 0.5882352941176471% 0.5882352941176471% 0.5882352941176471% \/ 2.5316455696202533% 2.5316455696202533% 2.5316455696202533% 2.5316455696202533%\" id=\"el-9e1b3fcc-0ce3-4951-9a4c-03702b177ee8\">\n<p class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.4047058823529416% 0;font-family:\"Noto Sans\",sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000'><span>Australia&rsquo;s financial crime regulator, AUSTRAC, has placed fresh rules on nationwide crypto ATM operators amid alarming crypto fraud cases.<\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:61.65049%;width:79.12621%;height:28.15534%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6134969325153374% 0.6134969325153374% 0.6134969325153374% 0.6134969325153374% \/ 1.1494252873563218% 1.1494252873563218% 1.1494252873563218% 1.1494252873563218%\" id=\"el-a25ba76d-2e66-4ded-bc0b-c651baaa233a\">\n<p class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.42208588957055254% 0;font-family:\"Noto Sans\",sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000'><span>&ldquo;The conditions come after an AUSTRAC taskforce flagged worrying trends in crypto ATM compliance,&rdquo; the announcement read.<\/span><\/p>\n<p>&ldquo;In light of the risks and harms we consider it is absolutely necessary to ensure the sector meets minimum standards and reduces the criminal misuse of crypto ATMs.&rdquo;<\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:39.23948%;width:100.72816%;height:7.60518%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-b4c8cb72-0fbb-433e-bf32-e36d845af100\">\n<div style=\"position:absolute;width:100%;height:103.87983%;left:0%;top:-1.93991%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12085639\/1718182599-bg-2.png\" alt=\"bg-header\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12085639\/1718182599-bg-2.png 680w\" sizes=\"(min-width: 1024px) 45vh, 101vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:89.32039%;top:39.15858%;width:10.92233%;height:7.28155%;opacity:1\">\n<div 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style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-63f30e3d-4ecd-4806-9cb6-3acfa076142d\">\n<div style=\"position:absolute;width:104.55817%;height:100%;left:-2.27908%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/06\/03070626\/1748926834-image-1748924436675_optimized-1.jpg\" alt=\"1748926834-image-1748924436675_optimized\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/06\/03070626\/1748926834-image-1748924436675_optimized-1.jpg 1200w,https:\/\/cimg.co\/wp-content\/uploads\/2025\/06\/03070626\/1748926834-image-1748924436675_optimized-1-1024x574.jpg 1024w,https:\/\/cimg.co\/wp-content\/uploads\/2025\/06\/03070626\/1748926834-image-1748924436675_optimized-1-768x431.jpg 768w,https:\/\/cimg.co\/wp-content\/uploads\/2025\/06\/03070626\/1748926834-image-1748924436675_optimized-1-450x252.jpg 450w,https:\/\/cimg.co\/wp-content\/uploads\/2025\/06\/03070626\/1748926834-image-1748924436675_optimized-1-300x168.jpg 300w,https:\/\/cimg.co\/wp-content\/uploads\/2025\/06\/03070626\/1748926834-image-1748924436675_optimized-1-150x84.jpg 150w\" sizes=\"(min-width: 1024px) 59vh, 132vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/06\/03050034\/1748926834-image-1748924436675_optimized.jpg\"><a href=\"https:\/\/cryptonews.com\/news\/australia-imposes-new-restrictions-on-crypto-atms\/\" rel=\"\">Read More<\/a><\/amp-story-page-outlink><\/amp-story-page><amp-story-page id=\"484ab63c-dad1-486a-8a7a-b126d8cfaaec\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#fff\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-6b411754-9dae-4bb4-9ed2-1f37a0c81980\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:51.77994%;width:75.48544%;height:28.15534%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6430868167202572% 0.6430868167202572% 0.6430868167202572% 0.6430868167202572% \/ 1.1494252873563218% 1.1494252873563218% 1.1494252873563218% 1.1494252873563218%\" id=\"el-4adf2f4e-4a93-44cd-b8f2-7e0bf0cb7e6b\">\n<p class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.44244372990353736% 0;font-family:\"Noto Sans\",sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"color: #737373\">The national financial intelligence agency noted that Australia had only 23 operating crypto ATMs in 2019. Besides, the trend increased to 60 in 2022 and over 1,200 in 2024.<\/span><\/span><\/p>\n<p><span style=\"color: #737373\">&ldquo;In just two years, the number of crypto ATMs in Australia increased more than 15 times,&rdquo; the agency said.<\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:39.80583%;width:79.85437%;height:9.70874%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.60790273556231% 0.60790273556231% 0.60790273556231% 0.60790273556231% \/ 3.3333333333333335% 3.3333333333333335% 3.3333333333333335% 3.3333333333333335%\" id=\"el-1331d421-5ede-4135-9062-b4ee688e9f26\">\n<p class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.41823708206686966% 0;font-family:\"Noto Sans\",sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"color: #737373\">Per Coin ATM Radar, there are around 1,824 crypto ATMs across Australia, with the highest number of machines in Sydney.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:26.3754%;width:70.14563%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6920415224913495% 0.6920415224913495% 0.6920415224913495% 0.6920415224913495% \/ 3.278688524590164% 3.278688524590164% 3.278688524590164% 3.278688524590164%\" id=\"el-7cfc98bf-1439-4c1c-ba39-137eabbce214\">\n<h3 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.7141868512110733% 0;font-family:\"Noto Sans\",sans-serif;font-size:0.388350em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"font-weight: 700\">Crypto ATMs Increased 15X in Two Years<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:9.70874%;top:2.589%;width:9.70874%;height:6.47249%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-be6f24e9-63e2-417e-b917-791e743bd9c4\">\n<div style=\"position:absolute;width:100%;height:100.00005%;left:0%;top:-0.00003%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12083912\/1718181552-logo-short.png\" alt=\"logo-short-color\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12083912\/1718181552-logo-short.png 120w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12083912\/1718181552-logo-short-96x96.png 96w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12083912\/1718181552-logo-short-64x64.png 64w\" sizes=\"(min-width: 1024px) 4vh, 10vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:87.54045%;width:74.02913%;height:22.16828%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-e38ccbe7-e38b-407d-817a-d244f2465339\">\n<div style=\"position:absolute;width:100%;height:100.00003%;left:0%;top:-0.00001%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105121\/1718189481-bottom-graph.png\" alt=\"big-ribbon-bottom\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105121\/1718189481-bottom-graph.png 610w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105121\/1718189481-bottom-graph-300x135.png 300w\" sizes=\"(min-width: 1024px) 33vh, 74vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:19.90291%;top:-9.70874%;width:80.09709%;height:28.64078%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-b329b59c-5481-4072-bf67-70fb6e1942a4\">\n<div style=\"position:absolute;width:100%;height:100.31033%;left:0%;top:-0.15516%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105217\/1718189537-top-graph.png\" alt=\"big ribbon top\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105217\/1718189537-top-graph.png 710w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105217\/1718189537-top-graph-300x161.png 300w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12105217\/1718189537-top-graph-150x81.png 150w\" sizes=\"(min-width: 1024px) 36vh, 80vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/06\/03050034\/1748926834-image-1748924436675_optimized.jpg\"><a href=\"https:\/\/cryptonews.com\/news\/australia-imposes-new-restrictions-on-crypto-atms\/\" rel=\"\">Read More<\/a><\/amp-story-page-outlink><\/amp-story-page><amp-story-page id=\"c09a115a-41b8-464b-9421-898482109799\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#211b2e\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-70bae597-5661-4f9f-8c76-99c94caf1d12\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:66.99029%;width:82.52427%;height:15.85761%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5882352941176471% 0.5882352941176471% 0.5882352941176471% 0.5882352941176471% \/ 2.0408163265306123% 2.0408163265306123% 2.0408163265306123% 2.0408163265306123%\" id=\"el-a4bb0959-044b-4612-aff2-136d1ecdc941\">\n<p class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.4047058823529416% 0;font-family:\"Noto Sans\",sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"color: rgba(255,255,255,0.54)\">&ldquo;Surprisingly, the 60 to 70 age group were identified as the one of the most prolific users of crypto ATMs in Australia,&rdquo; he said. They account for 29% of all transactions by value.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:51.61812%;width:79.85437%;height:12.78317%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.60790273556231% 0.60790273556231% 0.60790273556231% 0.60790273556231% \/ 2.5316455696202533% 2.5316455696202533% 2.5316455696202533% 2.5316455696202533%\" id=\"el-b595a5d7-a6fa-452c-bbef-b5496c3d394c\">\n<p class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.41823708206686966% 0;font-family:\"Noto Sans\",sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"color: rgba(255,255,255,0.54)\">According to Thomas, the Austrac taskforce has uncovered &ldquo;disturbing trends,&rdquo; after observing customer activity for several months.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:8.73786%;top:38.02589%;width:82.52427%;height:9.87055%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.5882352941176471% 0.5882352941176471% 0.5882352941176471% 0.5882352941176471% \/ 3.278688524590164% 3.278688524590164% 3.278688524590164% 3.278688524590164%\" id=\"el-d7bef90c-636a-4579-bd97-fc78fe768a32\">\n<h3 class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.6070588235294123% 0;font-family:\"Noto Sans\",sans-serif;font-size:0.388350em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"font-weight: 700; color: #fff\">Austrac Taskforce Uncovers &ldquo;Disturbing Trends&rdquo;<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:101.94175%;width:101.94175%;height:2.589%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-9245ad8b-08f3-4658-9321-c5c425da8e49\">\n<div style=\"position:absolute;width:100%;height:124.99985%;left:0%;top:-12.49992%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12103551\/1718188550-recs-small.png\" alt=\"rec-line-small\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12103551\/1718188550-recs-small.png 840w\" sizes=\"(min-width: 1024px) 46vh, 102vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:0;top:-18.12298%;width:100%;height:48.86731%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-621535b1-b345-4ebb-a213-e9983dcb037e\">\n<div style=\"position:absolute;width:100%;height:100.04416%;left:0%;top:-0.02208%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12151229\/1718205148-bg-img.png\" alt=\"bg-img-triangle\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12151229\/1718205148-bg-img.png 840w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12151229\/1718205148-bg-img-768x563.png 768w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12151229\/1718205148-bg-img-300x220.png 300w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12151229\/1718205148-bg-img-150x110.png 150w\" sizes=\"(min-width: 1024px) 45vh, 100vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/06\/03050034\/1748926834-image-1748924436675_optimized.jpg\"><a href=\"https:\/\/cryptonews.com\/news\/australia-imposes-new-restrictions-on-crypto-atms\/\" rel=\"\">Read More<\/a><\/amp-story-page-outlink><\/amp-story-page><amp-story-page id=\"e9de610d-8a9e-4f7a-9146-af27448e4b05\" auto-advance-after=\"7s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\" style=\"background-color:#211b2e\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-7740c5bf-6a9b-4d78-aa12-38456b7fd7a9\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\">\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-13.1068%;top:-10.5178%;width:25%;height:118.93204%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-1eea4c46-1e37-478b-b089-8ff8ec80953f\">\n<div style=\"position:absolute;width:100.22363%;height:100%;left:-0.11181%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12120926\/1718194166-line-of-recs-big.png\" alt=\"line of recs big\" srcset=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12120926\/1718194166-line-of-recs-big.png 100w,https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12120926\/1718194166-line-of-recs-big-42x300.png 42w\" sizes=\"(min-width: 1024px) 11vh, 25vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:22.81553%;top:40.93851%;width:61.8932%;height:18.93204%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7843137254901961% 0.7843137254901961% 0.7843137254901961% 0.7843137254901961% \/ 1.7094017094017095% 1.7094017094017095% 1.7094017094017095% 1.7094017094017095%\" id=\"el-b230d52b-b71e-46c0-a24b-a2c561b2b77b\">\n<p class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.5396078431372553% 0;font-family:\"Noto Sans\",sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"color: #fff\">Though the A$5,000 cash limits apply to crypto ATM operators, Austrac is also planning to apply similar limits to crypto exchanges if they accept cash for crypto transactions.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:22.81553%;top:63.43042%;width:58.98058%;height:12.78317%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.823045267489712% 0.823045267489712% 0.823045267489712% 0.823045267489712% \/ 2.5316455696202533% 2.5316455696202533% 2.5316455696202533% 2.5316455696202533%\" id=\"el-2336faf8-63e6-47a3-8e7a-fd24dab2b943\">\n<p class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.5662551440329223% 0;font-family:\"Noto Sans\",sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"color: #fff\">&ldquo;This will reduce their exposure to money laundering, terrorism financing and other serious crime risks,&rdquo; said Thomas.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:22.81553%;top:21.52104%;width:61.8932%;height:15.85761%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.7843137254901961% 0.7843137254901961% 0.7843137254901961% 0.7843137254901961% \/ 2.0408163265306123% 2.0408163265306123% 2.0408163265306123% 2.0408163265306123%\" id=\"el-4069bbf0-8d81-4e27-9a60-d51feb9eb3f2\">\n<p class=\"fill text-wrapper\" style='white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:0.5396078431372553% 0;font-family:\"Noto Sans\",sans-serif;font-size:0.258900em;line-height:1.19;text-align:left;padding:0;color:#000000'><span><span style=\"color: #fff\">Besides, after reviewing 9 crypto kiosk providers, the majority of users are over 50 years of age and account for almost 72% of all transactions by value.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:38.83495%;top:2.589%;width:9.70874%;height:6.47249%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-7ca25b68-51e4-41d5-a21a-334fa0e6c02f\">\n<div style=\"position:absolute;width:100%;height:100.00005%;left:0%;top:-0.00003%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/06\/12120823\/1718194103-logo-short-mono.png\" alt=\"logo short mono\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p><\/amp-story-grid-layer><amp-story-page-outlink layout=\"nodisplay\" cta-image=\"https:\/\/cimg.co\/wp-content\/uploads\/2025\/06\/03050034\/1748926834-image-1748924436675_optimized.jpg\"><a href=\"https:\/\/cryptonews.com\/news\/australia-imposes-new-restrictions-on-crypto-atms\/\" rel=\"\">Read More<\/a><\/amp-story-page-outlink><\/amp-story-page><\/amp-story><\/body>","protected":false},"excerpt":{"rendered":"<p>Austrac has imposed a A$5,000 limit on cash deposits and withdrawals, enhanced customer due diligence obligations, mandatory scam warnings, among others.<\/p>\n","protected":false},"author":422,"featured_media":367516,"template":"","meta":{"_acf_changed":false,"web_stories_publisher_logo":138953,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[],"web_story_tag":[],"class_list":["post-367510","web-story","type-web-story","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia Imposes New Restrictions on Crypto ATMs Amid Rising Scams - Cryptonews<\/title>\n<meta name=\"description\" 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