Australia’s Minister for Home Affairs Tony Burke seeks to grant new powers to the country’s anti-money laundering watchdog to crack down on cryptocurrency ATMs. Burke proposed measures to enable the Australian Transaction Reports and …
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ATMs
Australia’s national financial intelligence agency would have the power to restrict or ban crypto ATMs under draft legislation from the country’s minister for cybersecurity and home affairs, Tony Burke. Burke said during a speech …
- NFT & Metaverse
Australia’s Home Affairs Minister Announces Sweeping Powers to Curb Crypto ATMs
by adminby adminIn brief Burke revealed Australia’s crypto ATM count has exploded from 23 machines six years ago to over 2,000 today, with 85% of top user transactions linked to scams or money mules. The proposed …
