🚨 Crypto ATM Alert in Australia! 🚨

AUSTRAC warns crypto ATM providers to comply with anti-money laundering (AML) rules or face legal action. The task force, active since December, found suspicious transactions, sparking concerns amid the rise of crypto ATMs in Australia—now the largest market in Asia-Pacific with 1,648 machines.

Key Points:

- AUSTRAC CEO Brendan Thomas emphasizes compliance.

- Non-compliance could lead to hefty fines.

- Global crypto ATM market faces regulatory pressures.

What are your thoughts on this crackdown? Share in the comments! 💬