Australia, which has nearly 1,700 functional crypto ATMs, is now hit with new regulations by AUSTRAC. As per the press release dated June 03, 2025, the Australian Transaction Reports and Analysis Centre has now come up with a new deposit and withdrawal limit of 5,000 Australian Dollars.
The news rules of AUSTRAC are solely made for crypto ATMs in the nation, the rules also expect regional digital currency exchanges to consider adopting a similar limit if they accept cash for crypto transactions.
AUSTRAC noted that while making the changes, the usage of crypto ATMs is quite frequent among people between 60 and 70 years of age.
Brendan Thomas, the Chief Executive Officer of AUSTRAC, said, “ It is a huge concern that people in this demographic are overrepresented as customers using cash to purchase cryptocurrency and, as evidence suggests, that a large number of 60–70-year-old users are victims of scam activity.”
The fresh rules by AUSTRAC also include the scam warning sign, more robust transaction monitoring, and enhanced due diligence obligations.
As of June 01, 2025, Australia has more than 1,800 crypto ATMs, the third-highest number in the world, processing about 150,000 transactions a year, valued at about 275 million AUD. The majority of transactions (99%) include cash deposits made to buy cryptocurrencies such as Ethereum, Tether, and Bitcoin.
A brief on the Australian crypto market
As per available data, the Australian crypto market was valued at 82.39 billion Australian dollars in 2024 and is expected to grow at a CAGR of 10.70% from 2025 to 2034 and could reach 228.25 million AUD by 2034.
Reports note that around 32% of Australia’s population owns or has owned crypto, and around 95% of people have heard of the term cryptocurrencies. And the expected user base in 2025 is 11.38 million with a penetration rate of 42.22%.
Digital Surge, CoinSpot, Swyftx, Independent Reserve, and BTC Markets are a few of the top exchanges. Around 24% of crypto investors invest at least AUD 500 monthly, while 57.3% reported gains in 2025.
On the other hand, 42.9% think that people will adopt crypto more widely, and 73.4% think that Bitcoin is a good investment or store of wealth.
Crypto market price updates
When writing, the crypto market cap was $3.31 trillion and the trading volume was $111.23 billion, which is down from $140 billion recorded on June 01, 2025.
At the same time, the crypto fear and greed index was at 58, indicating neutrality in the market sentiment. At a time in May last week, the index had reached over 72, which indicated ballooning greed in the market.
Bitcoin is at $105,057 with a slight decline of 0.47%, and its market cap is at $2.09 trillion with trading volume at $46.72 billion, with an increase of 14.23%.
According to the data from CoinMarketCap, the intraday gainers list has been ruled by SKY, Dogwifhat, Ethena, Pepe, Hyperliquid, Pendle, Aave, Arbitrum, and Artificial Super Intelligence Alliance.
