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Owner of unlicensed UK crypto ATM network faces criminal charges
10.9.2024
The FCA is throwing the book at the head of GidiPlus Limited for operating an ATM network after being denied registration
UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMs
10.9.2024
Olumide Osunkoya, 45 year old Londoner has been accused of running crypto ATMs that processed british pounds 2.6 million ($3.4 million) in crypto transactions across various locations
Over 600 Bitcoin ATMs went offline globally in 2 months
5.9.2024
Law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
Crypto scams involving Bitcoin ATMs explode by 1,000% since 2020: FTC
4.9.2024
As Bitcoin ATM scams surge, particularly targeting older adults, the FTC and industry leaders stress the importance of caution and preventive measures
Crypto ATMs: A Hotbed of Illicit Activity and Regulatory Crackdowns, Says Report
30.8.2024
A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is double that of the overall crypto industry, standing...
Crypto ATMs surge 17X in Australia amid concerns over use by bad actors
30.8.2024
The number of new crypto ATMs in Australia has surged 17 times over the past two years, but TRM Labs has warned about their use in scams, fraud, and crime
New NCR Atleos/LibertyX feature converts BTC to cash at US ATMs
29.8.2024
Users of the LibertyX ATMs can send BTC to a LibertyX address and receive fiat for their crypto at ATMs in 30 states
Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs
29.8.2024
Since 2019, the cash-to-crypto industry—which is dominated by crypto ATMs—has processed at least $160 million in illicit volumes, according to a new study by blockchain analytics firm TRM Labs
Coinflip Expands Cryptocurrency ATM Services to Mexico
28.8.2024
Coinflip has officially launched its digital currency kiosks, otherwise known as automated teller machines (ATMs), in Mexico, marking its second expansion in North America. The latest expansion follows the company’s entry into the Canadian market in 2022. Coinflip Introduces Digital Currency...
German Authority Seizes 13 Unauthorized Crypto ATMs
22.8.2024
Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German...
German Regulator Seizes 13 Crypto ATMS
21.8.2024
The machines were operating without the required BaFin permission and posed money laundering risks, the statement by BaFin said
German BaFin regulator cracks down on crypto ATMs
20.8.2024
According to Coin ATM Radar, there are currently 38,725 crypto ATMs worldwide, with a vast majority located inside the United States
Police Warn of Bitcoin Scammers Posing as Bank Representatives
14.8.2024
The Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised. They then instruct victims to withdraw funds from...
California county to regulate Bitcoin ATMs backed by state laws
7.8.2024
Chico, California, looks to state and local regulations to oversee Bitcoin ATMs, aiming to limit fraud and ensure transparency
Bitcoin ATM network shrinks by 334 machines in 40 days
5.7.2024
Global Bitcoin ATM network shrinks by 334 machines in under 40 days, with the US and Europe seeing the most significant reductions
Number of crypto ATMs installed nears its all-time record
30.6.2024
The net 2,564 cryptocurrency ATMs installed so far in 2024 is on track to outpace the net 2,861 machines that were unplugged in 2023
Crypto ATM Installations Rise in 2024, Adding 2,564 New Machines Globally
30.6.2024
In June, the number of cryptocurrency automated teller machines (ATMs) saw a slight decline, yet 377 new ATMs were installed during the month. Since January 2024, data shows a total of 2,564 crypto ATMs have been deployed globally. 2024 Sees Steady Rise in Crypto ATMs Despite June Dip At the end...
Global Bitcoin ATM Numbers Fall, Ending 10-Month Growth Streak
21.5.2024
For the first time since July 2023, the number of active Bitcoin ATMs worldwide has decreased following US ATM shutdowns.
The post Global Bitcoin ATM Numbers Fall, Ending 10-Month Growth Streak appeared first on Cryptonews
US shutdowns lead to global decline in Bitcoin ATMs
21.5.2024
Countries worldwide contributed heavily to the month-on-month increase in Bitcoin ATMs throughout 2024, collectively coming close to reclaiming the 38,000 mark
Australia Now Has Over 1,000 Bitcoin ATMs: Report
24.4.2024
Based on information released on April 24, 2024 by Coin ATM Radar, Australia joined the US and Canada as countries with more than 1,000 operational crypto-fiat ATMs, marking an important achievement as the third-largest host of Bitcoin ATMs.
The post Australia Now Has Over 1,000 Bitcoin ATMs:...