Australia is tightening regulations on crypto ATMs following a surge in scams and money laundering. With over 1,200 machines—third highest globally—the country has seen rapid growth in crypto ATM use, raising concerns about criminal exploitation. Financial intelligence agency AUSTRAC is increasing oversight, requiring operators to register, implement strict Know Your Customer (KYC) protocols, and report suspicious transactions. A new task force is enforcing compliance with anti-money laundering and counter-terrorism financing laws. Non-compliance may lead to heavy fines or jail time. The move aims to protect Australians from financial crimes linked to digital assets and ensure safer use of crypto technologies.