Australia's Government Proposes New Powers for AUSTRAC to Restrict Crypto ATMs 🇦🇺
Australia's government has proposed granting new powers to AUSTRAC to regulate and potentially restrict the operations of cryptocurrency ATMs across the country. This move is in response to rising concerns about the misuse of these machines in illicit activities. The decision reflects ongoing efforts to bolster oversight on Australia’s burgeoning crypto space, aiming to reinforce legal compliance while balancing innovation and security.
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