Australia Installs Over 400 Cryptocurrency Automated Teller Machines in 2025 (Update)
Chillin' Down under: Australia's Hot Crypto Scene
Australia's love affair with digital assets is no secret, with over a third of the country's population owning some form of digital assets. It's no wonder, then, that 2025 saw a whopping 400 new Bitcoin ATMs spring up across the country. This brings the total number of these nifty machines to a hefty 1,821, according to CoinATMradar data from June 3.
This growth cements Australia's position as the third-largest crypto ATM market on the planet, trailing only behind the US and Canada. But with great power comes great responsibility.
The Downside of Down Under: Crypto Scams
The cryptocurrency scene in Australia hasn't been all sunshine and rainbows. Scams using these ATMs have drained a shocking AU$3.1 million (around US$2 million) over the past year. To combat this, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has stepped in with some tough love.
Last week, AUSTRAC announced a set of new rules to curb crypto ATM misuse. Key among these is a cash transaction limit of AU$5,000 (around US$3,250), similar to the ATM limits you might find in your local bank. This move is aimed squarely at large-scale scams, particularly those targeting the most vulnerable members of society – namely, the elderly.
The AUSTRAC Battleplan
Tougher customer due diligence, mandatory scam warnings, and stronger transaction monitoring are also part of the plan. Operators are expected to be more vigilant during identification and verification processes, and suspicious activities should be watched like a hawk.
AUSTRAC has even suggested that local digital currency exchanges consider implementing similar limits for cash transactions. With around 150,000 transactions annually, it's clear that crypto ATMs are a popular entry point into the digital asset world, especially for those over 60.
But while the growth of the Australian Bitcoin ATM market continues unabated – as evidenced by the expanding network – the regulatory bodies have their work cut out. Their mission? To ensure this growth continues, but in a safe and secure environment.
Image via Shutterstock
[1] Australia Takes Tough Action Against Crypto ATM Scams[2] Crypto ATM Scams in Australia: A Growing Concern[3] Report: Elderly Australians Hit Hardest by Crypto Scams[4] AUSTRAC to Introduce New Rules for Crypto ATMs in Australia
Cryptocurrency finance in Australia has been impacted by a series of scams using Bitcoin ATMs, with an estimated AU$3.1 million (US$2 million) stolen over the past year. To combat this, AUSTRAC has introduced new rules for crypto ATMs, including a cash transaction limit of AU$5,000 (US$3,250) and stricter customer verification processes. Additionally, AUSTRAC suggests that local digital currency exchanges consider implementing similar limits for cash transactions due to the high volume of transactions at crypto ATMs, particularly among elderly users.
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