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Crypto’s comeback: Triumph over turmoil in 2024
29.12.2024
Bitcoin crossed $100K, marking a bullish year. Still, legal battles, regulatory crackdowns and poor decisions tested the industry
Crypto’s comeback: Triumph over turmoil in 2024
29.12.2024
Bitcoin crossed $100K, marking a bullish year. Still, legal battles, regulatory crackdowns and poor decisions tested the industry
Crypto’s comeback: Triumph over turmoil in 2024
29.12.2024
Bitcoin crossed $100K, marking a bullish year. Still, legal battles, regulatory crackdowns and poor decisions tested the industry
Crypto’s comeback: Triumph over turmoil in 2024
29.12.2024
Bitcoin crossed $100K, marking a bullish year. Still, legal battles, regulatory crackdowns and poor decisions tested the industry
Crypto’s comeback: Triumph over turmoil in 2024
29.12.2024
Bitcoin crossed $100K, marking a bullish year. Still, legal battles, regulatory crackdowns and poor decisions tested the industry
Crypto’s comeback: Triumph over turmoil in 2024
29.12.2024
Bitcoin crossed $100K, marking a bullish year. Still, legal battles, regulatory crackdowns and poor decisions tested the industry
US Bitcoin ATM operator reports data breach of 58K customers
12.12.2024
Byte Federal, the operator of 1,300 Bitcoin ATMs in the US, has urged its customers to reset login credentials following a massive data breach
Crypto Money Laundering: Aussie Agency to Target Crypto ATM Providers
8.12.2024
Australia’s financial intelligence agency has said it will crack down on cryptocurrency ATM providers to combat money laundering and scams. Task Force Targets Crypto ATMs The Australian Transaction Reports and Analysis Centre (AUSTRAC), Australia’s financial intelligence agency, announced...
Australia to crack down on crypto ATM providers, citing money laundering risk
6.12.2024
Australia has the third largest number of crypto ATMs in the world and regulators are worried they could be facilitating financial crime
FCA Secures First Conviction for Illegal Crypto ATM Operation in UK
1.10.2024
Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under...
UK crypto ATM operator pleads guilty to fraud, money laundering charges
30.9.2024
Olumide Osunkoy faces prosecution on multiple charges related to the operation of crypto ATMs across the UK. He could spend up to 26 years in jail if convicted of all charges.
Man Pleads Guilty to Illegally Operating Crypto ATM Network in the UK
30.9.2024
This marks the first U.K. conviction for running a crypto ATM operation
US lawmakers urge top crypto ATM operators to tackle fraud
16.9.2024
Seven Democratic US Senators have sent letters to ten of the country’s biggest Bitcoin ATM operators urging them to address fraud against elderly Americans
FCA Files First Charges Against Unregistered Crypto ATM Operator in UK
11.9.2024
The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that...
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
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.
Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California
5.9.2024
A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new disclosures. California Court Upholds Bitcoin...
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
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
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