PANews reported on December 8 that according to a post published by News.bitcoin on the X platform, the Australian regulator, the Australian Transaction Reports and Analysis Center (AUSTRAC), has set up a working group to crack down on non-compliant crypto ATM providers to curb money laundering and fraud through crypto ATMs. Australia has about 1,200 cryptocurrency ATMs, ranking third in the world. It is reported that AUSTRAC also urged the public to report suspected fraud or fraudulent activities.
Australian regulator AUSTRAC sets up task force to crack down on non-compliant crypto ATM providers
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