
Australia Limits Crypto ATM Transactions to AUD 5,000 in Bid to Curb Scams, Money Laundering
Australia has introduced new rules to regulate crypto ATMs in order to safeguard citizens from financial risks associated with the technology. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has now enforced a deposit and withdrawal limit of AUD 5,000 (roughly Rs. 2.8 lakh) on crypto ATM transactions. The Australian regulator believes that this strategy…