{"id":175782,"date":"2025-10-16T11:00:02","date_gmt":"2025-10-16T08:00:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=175782"},"modified":"2025-10-16T10:56:59","modified_gmt":"2025-10-16T07:56:59","slug":"australia-targets-crypto-atms-with-potential-ban-powers-for-austrac","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/australia-targets-crypto-atms-with-potential-ban-powers-for-austrac\/","title":{"rendered":"Australia Targets Crypto ATMs With Potential Ban Powers for AUSTRAC"},"content":{"rendered":"<p data-start=\"0\" data-end=\"385\">The <strong><a href=\"https:\/\/www.youtube.com\/watch?v=zERkATAt8lg\" rel=\"nofollow\">proposal<\/a><\/strong> comes amid growing concerns that such machines are being exploited for money laundering and that tracing illicit funds through them has proven difficult.<\/p>\n<p data-start=\"387\" data-end=\"595\">Burke clarified that not all users are involved in wrongdoing, but said the proportion of suspicious activity through crypto ATMs is concerning and harder to monitor compared to traditional banking systems.<\/p>\n<p data-start=\"597\" data-end=\"815\">Australia has rapidly become the world\u2019s third-largest market for crypto ATMs, now hosting over 2,000 machines, a massive increase from just 67 in 2022. The majority are run by Localcoin, Coinflip, and Bitcoin Depot.<\/p>\n<p data-start=\"597\" data-end=\"815\"><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-175758\" href=\"https:\/\/cryptodnes.bg\/en\/sony-eyes-regulated-entry-into-the-digital-dollar-market\/\" title=\"Sony Eyes Regulated Entry Into the Digital Dollar Market\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/02\/sony-logo-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Sony Eyes Regulated Entry Into the Digital Dollar Market<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p data-start=\"817\" data-end=\"1175\">Coinflip argued that crypto ATMs already follow strict Know Your Customer rules, requiring ID verification and using blockchain analytics and camera monitoring. The company described the machines as a bridge between the physical and digital worlds, offering users access to crypto as traditional ATMs decline and banks remain cautious about digital assets.<\/p>\n<p data-start=\"1177\" data-end=\"1377\">Burke said the government won\u2019t impose an outright ban but will give AUSTRAC discretionary powers to act when certain technologies pose high risks, allowing flexible regulation of emerging products<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australia\u2019s cybersecurity minister Tony Burke is drafting legislation that would give the country\u2019s financial intelligence agency, AUSTRAC, the authority to restrict or ban crypto ATMs viewed as \u201chigh-risk products.\u201d<\/p>\n","protected":false},"author":9,"featured_media":25990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[25],"tags":[72,424],"coin_category":[],"class_list":["post-175782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulations","tag-bitcoin","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australia Targets Crypto ATMs With Potential Ban Powers for AUSTRAC<\/title>\n<meta name=\"description\" content=\"Australia\u2019s cybersecurity minister Tony Burke is drafting legislation that would give the country\u2019s financial intelligence agency...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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