Australia introduces new operating rules and transaction limits for crypto ATM operators

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched new operating rules and transaction limits for crypto ATM operators, aiming to prevent criminal abuse of crypto ATMs, Cointelegraph reported. The AUSTRAC is capping crypto ATM deposits and withdrawals at $3,250, alongside issuing fraud warning signs, strengthening transaction monitoring and requiring customers to fulfill their due diligence obligations.