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Australia Tightens the Screws on Crypto ATMs as AUSTRAC Rolls Out Tough New Regulations
Australia Tightens the Screws on Crypto ATMs as AUSTRAC Rolls Out Tough New Regulations
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Down Under’s financial watchdog just dropped a compliance hammer on crypto ATMs—and operators are scrambling.
No more anonymous flips:
AUSTRAC’s new rules force full ID checks for all transactions, killing the last loophole for quick, untraceable crypto swaps.
Cynical finance jab:
Because nothing says ’innovation’ like forcing decentralized tech into a 20th-century regulatory straitjacket.
Expect half the machines to vanish by 2026—or pivot to selling overpriced protein shakes.
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