Australia Tightens Oversight of Crypto ATMs

Australian financial regulators have announced new requirements for operators of crypto ATMs — machines that allow users to convert cash into cryptocurrency and back. The move follows a rise in fraud cases in which scammers pressured victims into transferring funds through these terminals. The new rules call for stricter customer verification and transaction limits. Authorities estimate the changes will affect thousands of machines installed across the country. For investors using crypto services, the news signals that digital asset regulation continues to tighten across many jurisdictions worldwide.