Bitcoin ATM Operator Considers Sale Amid CEO’s Legal Troubles
American bitcoin ATM operator Crypto Dispensers is contemplating a sale for $100 million. This news follows the indictment of the company's founder on money laundering charges.Cryptomats are machines that allow users to buy or sell cryptocurrencies using cash or credit cards.
Bitcoin ATM Operator Considers Sale Amid CEO’s Legal Troubles
American bitcoin ATM operator Crypto Dispensers is contemplating a sale for $100 million. This news follows the indictment of the company's founder on money laundering charges.
US Crypto ATM Operator Accused of Facilitating Fraud
The operator of cryptocurrency ATMs, Athena Bitcoin, has been accused of profiting from fraud and failing to disclose excessive fees.
Wisconsin to Impose Restrictions on Crypto ATMs
Wisconsin lawmakers have introduced two bills aimed at regulating crypto ATMs, prompted by a sharp rise in fraud across the United States. The proposed measures would require crypto ATM operators to obtain a money transmitter license. They would also impose a transaction limit of $1,000 per day for individual customers. Fees would be capped at […]
New Zealand to Ban Bitcoin ATMs
New Zealand’s Deputy Minister of Justice, Nicole McKee, announced plans to completely ban cryptocurrency ATMs in the country as a measure against money laundering. According to her, such ATMs are actively used by drug traffickers. “We need a more sensible and flexible AML/FT system that will hinder criminals from laundering money. We will make it […]
Over 1,200 Bitcoin ATMs Shut Down in the US Over Three Days
More than 1,200 crypto ATMs were shut down in the United States during the first weekend of March. This occurred shortly after Illinois State Senator Dick Durbin proposed a bill aimed at combating fraud in the Bitcoin ATM sector. Data: Coin ATM Radar. According to Coin ATM Radar, from March 1 to 3, the global […]
Hackers Breach Data of 58,000 Bitcoin ATM Users
Hackers have accessed the personal data of 58,000 users of Byte Federal’s bitcoin ATMs, reports TechCrunch, citing documents filed by the firm with the Maine Attorney General’s office. The compromised data includes names, addresses, phone numbers, government IDs, social security numbers, transaction details, and user photographs. The breach occurred on September 18. Byte Federal’s team […]
Russian Police Uncover Fake Crypto ATM Scheme
In Moscow, police have detained a suspect involved in the theft of citizens’ savings through the use of crypto ATMs, according to a statement from the Russian Ministry of Internal Affairs. Preliminary information suggests that a group of criminals installed over 20 crypto ATMs in several Russian regions and managed them remotely. Allegedly, victims were […]
ABCEX Launches Crypto-Fiat ATM in Moscow
The Russian bitcoin exchange ABCEX has introduced an ATM for crypto-fiat exchange. The machine is located at the trading platform’s office in “Moscow-City.” Through the ATM, clients can top up exchange accounts and withdraw funds in rubles without fees. There are plans to install similar machines in all major cities across Russia. In comments to […]
Australia’s Bitcoin ATMs Surge Seventeenfold
Australia ranks third globally in the number of installed crypto ATMs, boasting 1,162 units. Over the past two years, this figure has increased seventeenfold, according to Coin ATM Radar. In 2022, there were only 67 Bitcoin ATMs. Data: Coin ATM Radar. According to TRM Labs, local authorities have identified this segment as vulnerable to money […]
Germany Seizes 13 Illegal Bitcoin ATMs
Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 cryptocurrency ATMs in major cities, which were operating without the necessary permits. According to the regulator, the devices were unregistered and violated the Banking Act, posing a risk of money laundering. The authorities also confiscated nearly €25 million ($28 million) in cash. The operators of the […]
Global Bitcoin ATM Numbers Near Record Highs
As of the end of June, the number of cryptocurrency ATMs worldwide reached 38,278 units. This figure is approaching the December 2022 peak of 39,541 devices, according to data from Coin ATM Radar. Data: Coin ATM Radar. Since the beginning of the year, 2,564 new Bitcoin ATMs have been installed, marking a 17.8% increase in […]
Australia Joins the Ranks of Nations with Over 1,000 Bitcoin ATMs
The number of cryptocurrency ATMs in Australia has risen to 1,013, making it the third country to surpass this milestone, following the United States (31,191) and Canada (3,009), according to Coin ATM Radar. Market distribution of crypto ATMs by country. Data: Coin ATM Radar. The United States reached its first 1,000 crypto ATMs in November […]We use cookies to improve the quality of our service.
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