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Almost one third of the population owns digital assets in Australia, so it’s hardly surprising that the country has installed over 400 new Bitcoin (BTC) ATMs in 2025. This brings the number of BTC ATM installations from 1,385 on January 1, 2025 to 1,821 as of June 3 as per data from CoinATMradar. The statistics solidify Australia’s position as the third-largest crypto ATM market in the world, behind only the United States and Canada. BTC ATM installations growth in Australia. Source: CoinATMRadar.com Crypto ATM regulations in Australia There’s been a lot of drama surrounding cryptocurrency ATMs in Australia, as  scams using the machines have resulted in losses amounting to AU$3.1 million (~US$2 million) over a 12-month period. Today, the Australian Transaction Reports and Analysis Centre (AUSTRAC) introduced new rules to prevent crypto ATM misuse, including a new AU$5,000 (~US$3,250) limit on cash transactions.  While the limits apply directly...

Scammers posing as Forbes journalists have been targeting BAYC holders to set up interviews and distract them while they attempt to steal their apes. A Bored Ape Yacht Club (BAYC) owner says he has managed to avoid a potentially “dreadful day” after being asked to retrieve a banana for a photo from someone they initially believed was interviewing them for Forbes. On Nov. 27, NFT collector ‘Crumz’ detailed his run-in with a scammer  posing as a Forbes journalist. He reported that someone pretending to be Robert LaFanco — a real Forbes editor, contacted him by direct message from an impersonator account with the offer of an interview for a new article about BAYCs.  SCAM ALERT!! I just spent the last 2hours on Zoom with '@Forbes' it was pretty sophisticated and well thought out because I'm usually on high alert but luckily I wasn't caught. Here's what they did. 1/8 — Crumz (@crumz10) November 26, 2023 During the interview, the scammer prompted Crumz to clic...

Thailand has warned Facebook of a potential shutdown due to the rise in crypto scams and misleading ads on the platform. The Minister of Digital Economy and Society (DES), Mr. Chaiwut Thanakmanusorn, is taking action against fraudulent activities on Facebook. The DES plans to present its findings in Thai court, advocating for the platform’s shutdown unless prompt corrective actions are made. The ministry revealed that over 200,000 individuals have been duped by scams on Facebook’s advertising network. These scams include fake crypto currency investments and counterfeit enterprises, often featuring endorsements from celebrities to mislead the public. You might also like: Bank of Thailand announces CBDC pilot project Meta’s inaction draws criticism Despite ongoing dialogue with Facebook’s parent company, Meta, Minister Chaiwut has criticized the platform for not effectively curbing misleading ads. He claims Facebook’s lax oversight has le...