AUSTRAC, Australia's financial intelligence agency, is cracking down on crypto ATMs to combat money laundering and crypto-related crimes. The regulator will scrutinize ATMs for legal compliance, focusing on ensuring operators meet obligations. This move follows similar actions by UK regulators and Australian law enforcement. AUSTRAC's initiative is part of a broader effort to reduce criminal use of cryptocurrency. #AUSTRAC #Crypto #ATM #Regulation #MoneyLaundering