AUSTRAC warns that some crypto ATM providers may lack proper anti-money laundering (AML) and counter-terrorism (CTF) measures! With the number of ATMs surging from 23 in 2019 to 1,600 in 2025, risks like fraudulent activity and scams are on the rise. 🚨💱 CEO Brendan Thomas highlights the watchdog’s efforts to tighten scrutiny, ensure compliance, and protect users. Cash deposits for Bitcoin (BTC) dominate transactions, raising concerns over misuse. AUSTRAC urges users to report suspicious activity and calls on providers to adopt robust practices. What steps can enhance crypto ATM security? Let’s discuss!