Australia issues ‘warning’ to cryptocurrency ATM providers over money laundering concerns
Australian financial crime watchdog has issued a "warning" to cryptocurrency ATM operators, warning that many such machines may be helping criminals launder money or defraud victims.
The Australian Transaction Reports and Analysis Centre (AUSTRAC) said in a statement released on Monday that a cryptocurrency working group established in December last year had identified "concerning trends and suspicious activity indicators" related to cryptocurrency ATMs, including links to fraud and scams.
Cryptocurrency ATMs (also known as self-service machines) are physical machines that allow users to buy or sell cryptocurrencies such as bitcoin with cash or a bank card, usually without the need for identity checks like traditional financial services.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XLMUSD ,ETCUSD now launched for futures trading
Invest $30K Today, Get $705K at Listing? Arctic Pablo’s Avalon Stage Could Make You Rich While Fartboy and Daddy Tate Also Surging
Explore Arctic Pablo Coin’s epic meme coin presale at $0.00034 with 2252.94% ROI, plus latest updates on Fartboy & Daddy Tate. Don’t miss this crypto trio!Arctic Pablo Coin’s Legendary Path: A Meme Coin Presale Blending Myth with MoonshotsFartboy Rallies Meme Army with Twitter Battle and Celebrity TagDaddy Tate Fires Up Chart as Burn Rate Spikes Ahead of July HalvingFinal Verdict: The Wealth Path Begins with Arctic Pablo Coin
SEC Delays Ruling on Franklin Templeton XRP ETF 🚨
SEC pushes decision on Franklin Templeton spot XRP ETF to July 22, opening a comment period. Major delay sparks fresh debate.What’s the Update on Franklin Templeton’s XRP ETF?Why the Delay MattersWhat Happens Next
Dogecoin Eyes $0.65 in Bullish Breakout
Dogecoin shows strong bullish signs with a potential rally toward $0.6533 and even $1.25 in sight.Price Targets: $0.6533 First, Then $1.25?What’s Fueling the Optimism?
Trending news
MoreCrypto prices
More
