The government imposes the limits of cash withdrawal on ATMs for encryption in Australia in an attempt
The Australian Financial Intelligence Agency imposed the limits of cash withdrawal at a value of $ 5,000 on ATMs for encryption.
Austrac adopted the new rules and refused to renew the registration of the ATM for encryption, Empires’s Empires, after the agency’s work squad put “anxiety trends” in ATM digital compliance, according to what is new press release.
The CEO of Austra Brendan Thomas says that the business squad has noticed the behavior of customers that resemble fraud, fraud and other illegal activity.
“The Labor Squad revealed annoying trends, which confirmed that the ATMs for the encrypted currency are used for fraud/fraud transactions. It is surprising that the age group from 60 to 70 was identified as one of the most encrypted ATMs in Australia.
It is very anxious that people are represented in this demographic where customers who use cash are represented to buy cryptocurrencies, and as evidence indicates, a large number of users between the ages of 60 and 70 are victims of fraud activity. “
AustraCac’s Cryptocurrency Currency Squad notes that children between the ages of 60 and 70 represent 29 % of all ATM transactions for encryption by value.
Australia had 23 ATMs for encryption in 2019 and 60 in 2022, but now it has more than 1,800. Nearly 150,000 transactions annually across these machines, 99 % of which are cash deposits for purchase of encryption like Bitcoin (BTC), ETHEREUM (ETH) and Stablecoin USDT, according to Austrac.
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