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Australian Center for Reports and Analysis Transactions (Austrac) has introduced new rules for KRIPTO ATMs In response to an increase in fraud activity.
These rules include a Limit of a transaction of $ 5,000 Australian (about $ 3,250) and for monetary deposits and withdrawalaccording to a Statement published on June 2.
Operators must also show clear warnings about fraud, monitor the monitoring transactions more closely, and to carry out additional identity checks when necessary.
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Although these measures are currently only applied to cryptocurrency providers, Austrac encourages the exchange of cryptocurrencies that accept cash to adopt similar borders. The Agency said it would continue to review the impact of these rules and make changes if necessary.
Austrak’s Executive Director, Brendan Thomas, explained that the goal Reduce the criminal abuse of these machines and ensure that the industry meets basic security standards.
New regulations follow the investigation of nine cryptocurrency donors, which revealed People over 50 make up nearly 72% of the total value of transactions. Many victims, especially those between 60 and 70, were targeted by fraud.
Between January 2024 and January 2025, Australian Federal Police (AFP) He received 150 fraud reports in which he included Kipto kiosks via internet reporting tools. In a Statement 3 of JuneAFP stated that total losses from these cases were estimated at over $ 3.1 million in Australian dollars.
Recently, Austrac Kažnio Cointree, a crypto exchange with headquarters in Melbourne. What happened? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
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