Australia plans to tighten control over cryptocurrency ATM operators due to the risk of money laundering. This was stated by the CEO of the Australian Transaction Reports and Analysis Centre (AUSTRAC) Brendan Thomas.

AUSTRAC will create a special group to monitor compliance with anti-money laundering laws by cryptocurrency ATM operators. Cryptocurrency ATMs, of which there are more than 1,300 in the country, are seen by the regulator as a threat, as they allow for quick transfers of funds. Operators are required to register with AUSTRAC, monitor transactions, verify customers, and report suspicious activities. Violators face hefty fines and prison sentences of up to 25 years.$DOGE $PEPE $SHIB #2023withBinance