Australia Imposes New Restrictions on Crypto ATMs Amid Rising Scams
Australia’s AUSTRAC imposes new restrictions on crypto ATMs, including a A$5,000 transaction limit and enhanced due diligence, to combat rising scams and fraud in the sector.
Crypto lobby pushes Senate to pass stablecoin bill without debate
Crypto lobbying groups urge the US Senate to pass the stablecoin bill (GENIUS Act) without debate, despite potential amendments. The bill faces hurdles from unrelated credit card fee proposals and other controversial amendments.
AUSTRAC Tightens Grip on Crypto ATMs After Spike in Illicit Activity – Decrypt
AUSTRAC has tightened regulations on crypto ATMs in Australia, revoking a provider’s license and imposing $5,000 transaction caps due to widespread fraud targeting elderly users. Educational campaigns and enhanced due diligence are being implemented.
Singapore Finalizes Crypto Rules—Firms Serving Overseas Must Comply by June – Regulation Bitcoin News
Singapore requires crypto firms serving overseas customers to obtain licenses or cease operations by June 2025, with no grace period or phased implementation.
Coinbase Knew Customer Data Was at Risk in Vendor Hack Months Before Disclosure: Report
Coinbase knew about a customer data leak at vendor TaskUs months before disclosure. The breach involved 70,000 users’ personal and financial data, leading to over 200 employee terminations.
Texas Lawmaker Misses Disclosure Deadline on Bitcoin Buys – Decrypt
Texas lawmaker Brandon Gill missed the deadline to disclose Bitcoin purchases worth up to $500,000, violating the STOCK Act. The incident raises transparency concerns among crypto-investing politicians.
Kurdistan Orders Crypto Crackdown After $15M Fraud Case – News Bytes Bitcoin News
Kurdistan’s government forms a committee to crack down on crypto firms following a $15M fraud case, aiming to regulate electronic trading and digital currencies.
1st Institutional Crypto Sale In South Korea After Ban Lift
South Korea’s first institutional crypto sale occurred after the ban lift, with World Vision selling 0.55 ETH via Upbit. The FSC’s roadmap allows gradual institutional participation, starting with non-profits.
Singapore Enforces Strict Crypto Licensing Deadline for Overseas Operators News ETHNews
Singapore’s MAS enforces strict crypto licensing for overseas operators by June 30, requiring DTSP licenses, $185,000 capital, FATF compliance, and customer checks under FSM Act penalties.
Coinbase Knew of Its Data Breach Months Before Disclosing: Reuters – Decrypt
Coinbase knew of a data breach involving third-party contractor TaskUs in January but disclosed it months later. Rogue employees leaked customer info for bribes, prompting a $20M Bitcoin ransom demand.
