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AUSTRAC granted new powers to tighten crypto ATM oversight in Australia – TON BOT

AUSTRAC granted new powers to tighten crypto ATM oversight in Australia

Australia is introducing new regulations to give AUSTRAC authority over crypto ATMs due to concerns about money laundering and illicit activities. Home Minister Tony Burke highlighted the rapid growth of crypto ATMs in Australia and the risks associated with them. AUSTRAC has already imposed stricter rules for operators to combat scams and fraud.


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