<ul><li>Australia's financial intelligence agency, AUSTRAC, has imposed new rules on cryptocurrency ATMs, setting cash transaction limits at AU$5,000.</li><li>The regulations include enhanced customer due diligence, scam warnings, and transaction monitoring requirements for operators.</li><li>A significant concern raised by AUSTRAC is the high usage of crypto ATMs by individuals aged between 60 and 70, leading to potential scam victimization.</li><li>The country has seen a rapid increase in the number of crypto ATMs, with over 1,800 currently active, facilitating around 150,000 transactions annually.</li></ul>

Australia Imposes AU$5,000 Limit on Crypto ATM Transactions

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