Australia Implements New Crypto ATM Regulations Amid Surge In Scam Reports

Australia has implemented new regulations for cryptocurrency ATM operators in response to an increase in scam reports. Restrictions include stronger transaction monitoring, scam warnings, improved client checks, and a cash deposit and withdrawal cap of 5,000 Australian dollars. These limits currently apply only to crypto ATM providers but may extend to crypto exchanges handling cash.

AUSTRAC CEO Brendan Thomas said the agency will keep reviewing these measures and work with law enforcement officials to prevent suspicious activity. The task force, which was set up in September 2024 is also checking crypto ATMs for compliance with anti-money laundering rules. Thomas highlighted concerns about users aged 60-70 being especially vulnerable to scams, Cointelegraph reported.

Elsewhere, the Australian Federal Police has reported 150 scam complaints related to crypto ATMs from January 2024 to January 2025, with losses over 3.1 million Australian dollars. According to Coin ATM Radar, Australia now has 1,819 crypto ATMs, up from 67 in August 2022 which makes it the third-largest market.

21Shares Announces Share Split For Bitcoin ETF

21Shares US will split its ARK 21Shares Bitcoin exchange-traded funds (ETF), or ARKB in the ratio of three for one shares on June 16 in an attempt to lower the cost of its flagship Bitcoin ETF for a larger group of investors.

The move is aimed at lowering the ETF’s per share trading price without altering its overall value, a common strategy used by fund managers to enhance market liquidity and attract more retail participation. The ETF has seen a strong performance this year, rising nearly 12 per cent so far in 2025 and almost 27 per cent in the current quarter.

ARKB is one of the several spot Bitcoin ETFs approved by the United States Securities and Exchange Commission (SEC) in January 2024. These ETFs enable investors to obtain exposure to Bitcoin via regular brokerage platforms which avoids the need to personally own the cryptocurrency. 21Shares noted that the fund's investment strategy, ticker, and net asset value will remain unchanged.

Polygon Surpasses $2 Billion in NFT Sales, Boosted by Tokenized Real-World Assets

Polygon-based non-fungible tokens (NFTs) have exceeded $2 billion in total sales volume. According to CoinTelegraph, sales have been steadily increasing since November 2024, with monthly volumes rising from $16.3 million to $25 million by January 2025 and peaking at $62.5 million in March this year. In April and May 2025, they reached $71 million and $74.7 million, respectively.

Incidentally, activity on the Polygon network has also surged. Between March and May this year, monthly NFT transactions exceeded 800,000, while unique buyers peaked at 134,000 in February this year. The average sales value jumped significantly from around $26 in late 2024 to nearly $89 in May 2025.