Australian authorities are intensifying their crackdown on cryptocurrency ATMs following a surge in scam-related losses. On June 3, 2025, the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced stricter regulations to combat the misuse of crypto ATMs. This action follows a report by the Australian Federal Police (AFP) indicating over 3.1 million Australian dollars ($2 million) in scam losses via crypto ATMs between January 2024 and January 2025.
AUSTRAC's new rules, effective immediately, include a 5,000 Australian dollar ($3,250) limit on cash deposits and withdrawals. The agency will also enforce mandatory scam warning signs, enhanced transaction monitoring, and stricter customer due diligence. These measures aim to protect individuals from scams and prevent criminal exploitation, with potential extensions to crypto exchanges accepting cash.
The AFP reported 150 unique scam reports involving crypto ATMs. The data showed that most users are over 50 years of age, accounting for almost 72% of all transactions by value. Australia currently has 1,819 crypto ATMs, making it the third-largest hub globally. AUSTRAC has also refused to renew the registration of at least one crypto ATM operator.
AUSTRAC is working with law enforcement partners and crypto ATM providers on strategies to address suspicious activity. These conditions are designed to help protect individuals from scams by deterring criminals from directing them to a crypto ATM, as well as to protect businesses from criminal exploitation.