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Why crypto ATMs are a scammer’s best friend
Published 7 months, 2 weeks ago
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You may have noticed a crypto ATM in the corner of a shopping centre or in a convenience store.
There are thousands of them, tapping into investor’s interest around booming markets for bitcoin and other cryptocurrencies.
But increasingly crypto ATMs are being used by criminals to launder money and to scam Australians out of millions of dollars.
Today, business reporter Rhiana Whitson on why feeding cash into a crypto ATM can be so risky and why there’s so little regulation of the market.
Featured:
Rhiana Whitson, ABC business reporter