Mars Finance News: The Australian Transaction Reports and Analysis Center (AUSTRAC) has issued a warning to cryptocurrency ATM operators, stating that such devices may be used for money laundering and fraud activities. AUSTRAC CEO Brendan Thomas emphasized the need to ensure that cryptocurrency ATM operators establish robust risk prevention mechanisms. According to Coin ATM Radar data, Australia currently has 1,648 cryptocurrency ATMs, the most in the Asia-Pacific region, with 348 located in Sydney, a significant increase from 23 in 2019. Under Australia's Anti-Money Laundering and Counter-Terrorism Financing Act, all digital currency exchanges (including cryptocurrency ATM operators) must register with AUSTRAC, perform KYC checks, monitor transactions, and report cash transactions exceeding 10,000 Australian dollars. (decrypt)