PANews reported on December 6 that according to Cryptonews, Australia's financial crime regulator AUSTRAC announced the establishment of a special cryptocurrency task force to investigate and punish cryptocurrency ATM providers that violate anti-money laundering laws and impose severe penalties on violators. AUSTRAC CEO Brendan Thomas emphasized that crypto ATM operators must strictly comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act 2006), including registration, transaction monitoring, customer identity verification (KYC), and submission of large cash transaction reports, otherwise they will face significant financial penalties.

Currently, Australia has about 1,200 cryptocurrency ATMs, ranking third in the world, but only a few are registered. As the use of cryptocurrency continues to rise, ASIC (Australian Securities and Investments Commission) has also strengthened its supervision of the digital asset field, requiring cryptocurrency exchanges with large-scale asset management to obtain an Australian Financial Services License (AFSL) to improve consumer protection.