Australia tightens the screws on the withdrawal from Crypto ATMs.
- Currently, Australia is in third place in the world in terms of the number of crypto ATMs (over 1800 units).
Over the past year, scammers have stolen cryptocurrencies, according to official estimates — worth 3.1 million AUD (2 million USD).
- As a result, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has introduced the following restrictions:
- Limit on transactions — no more than 5,000 AUD (~3,250 USD) at a time;
- Enhanced KYC and transaction monitoring;
- Scam warning on the ATMs themselves;
- Interesting fact: 72% of the total transaction volume in crypto ATMs comes from people over 50 years old, which is a magnet for scammers.
10862112783
