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Australia gives enforcers authority to limit crypto ATM services
Australia’s Home Affairs Minister, Tony Burke, announced new legislation granting the country’s financial crimes agency AUSTRAC expanded powers to regulate or restrict the operation of crypto ATMs. The law, introduced on Thursday, allows AUSTRAC to limit or ban financial products and services deemed high-risk for money laundering or fraud. 
Bridging the gap between fiat and the stablecoin USDC, MoneyGram has unveiled its non-custodial crypto wallet.
The payment solution ensures compliance with all KYC norms and maintains adherence to sanction regulations.
“We’re turning MoneyGram into a global ATM concept using blockchain,” shared CEO Alex Holmes. 
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