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Australian cryptocurrency ATMs' activities raise money-laundering concerns

( June 3, 2025, 02:29 GMT | Official Statement) -- MLex Summary: An unnamed operator of Australian cryptocurrency automatic-teller machines has been refused a renewal of its registration and has been hit with operating conditions, including transaction limits, according to the country’s financial-crime watchdog. In a statement, the Australian Transaction Reports and Analysis Centre said it had imposed the conditions after identifying “worrying trends in crypto ATM compliance.” Austrac CEO Brendan Thomas said that over several months, the agency’s taskforce had observed “customer activity that bears the hallmarks of scams, fraud and other illicit activity.”The full statement from Austrac follows: ...

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