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Why crypto ATMs are a scammer’s best friend

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Manage episode 518543304 series 2071258
Content provided by Australian Broadcasting Corporation. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Australian Broadcasting Corporation or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

We want to hear from you! Please complete our survey: 2025 ABC News Daily Audience Survey

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

  continue reading

2324 episodes

Artwork
iconShare
 
Manage episode 518543304 series 2071258
Content provided by Australian Broadcasting Corporation. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Australian Broadcasting Corporation or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

We want to hear from you! Please complete our survey: 2025 ABC News Daily Audience Survey

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

  continue reading

2324 episodes

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