Australia's financial crimes regulator has issued a stern warning to crypto ATM operators, signaling that they may not have sufficient anti-money laundering and counter-terrorism financing measures in place.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) released a statement on Monday, highlighting concerns raised by its crypto taskforce regarding suspicious activities linked to these machines.

Formed in December 2024, AUSTRAC's crypto taskforce has identified troubling trends, including potential links to scams and fraud.

Brendan Thomas, CEO of AUSTRAC, stated that the taskforce,........

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