Bitcoin ATM network shrinks by 334 machines in 40 days

Global Bitcoin ATM network shrinks by 334 machines in under 40 days, with the US and Europe seeing the most significant reductions.

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Number of crypto ATMs installed nears its all-time record

The 2,564 cryptocurrency ATMs installed so far in 2024 are on track to surpass the 2,861 machines removed in 2023.

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Delhi Woman Recovers $35,000 After Falling for Bitcoin Scam

A woman from Delhi Township has successfully recovered about $35,000 that she lost to cryptocurrency scammers, thanks to the quick efforts of the cybercrime teams in Ohio. The money was extorted from her through a bitcoin fraud that targeted the elderly. This step marks a huge success for the cyber teams in Ohio. According to […]

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Australia Warns Crypto ATM Providers About Money Laundering Rules

The Australian financial watchdog has warned crypto ATM operators to follow the anti-money laundering rules in the state or face legal action. This warning came due to the fact that many of these machines may be used by criminals for illegal activities like fraud or money laundering.  AUSTRAC, the Australian Transaction Reports and Analysis Centre, […]

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U.K. Man Jailed for Running Illegal Crypto Cash Machines

A UK court sentenced Olumide Osunkoya to four years in prison on 28 February 2025 for running unregistered cryptocurrency ATMs. The 46-year-old was found guilty of illegal transactions totaling over £2.5 million and related crimes. The Financial Conduct Authority (FCA) charged Olumide Osunkoya with operating illegal cryptocurrency ATMs, forging documents, and holding criminal property between December […]

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From Accessibility to Adoption: How Bitcoin ATMs Simplify Access to Crypto

Can Bitcoin ATMs be enhanced, resist the challenges, and keep up with the competition?

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US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner

U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic. The loans were also used to purchase bitcoin from a New York-based cryptocurrency exchange, said the U.S. Department of Justice (DOJ). Coindawg’s Crypto ATMs [...]

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Global Crypto ATM Resurgence: Net Growth Rebounds After Initial 2023 Slump

In the wake of over 5,000 crypto ATMs being taken out of service during the initial four months of 2023, the past four months have witnessed a resurgence in global crypto ATM installations. Crypto ATM Landscape Rebounds After Downturn Ever since the debut of the first bitcoin ATM in Vancouver, Canada, back in 2013, there [...]

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Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of America

According to the Connecticut Department of Banking, commissioner Jorge Perez revealed that the regulator has reached a settlement with the crypto automated teller machine (ATM) and kiosk operator Bitcoin of America. As part of the settlement, Bitcoin of America will pay $86,000 in restitution, and the firm will be required to cease operations in Connecticut. [...]

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Australia Surpasses Asia in Crypto ATM Installations

Australia has surpassed Asia in the total number of crypto ATMs installed, with 364 machines as of January 2023. The country has consistently added Bitcoin ATMs over the last eight months and is on a crypto ATM installation spree. Internal documents from Australia’s Department of the Treasury suggest that crypto legislation is on the horizon. (Read More)

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UK May Shut Down Crypto ATMs Soon As Regulators Launch Investigation to Tackle Illicit Activity in London

The post UK May Shut Down Crypto ATMs Soon As Regulators Launch Investigation to Tackle Illicit Activity in London appeared first on Coinpedia Fintech News

In recent years, cryptocurrency has emerged as a popular form of investment and financial transactions, with many people turning to digital currencies like Bitcoin and Ethereum. However, the rise of these digital assets has also led to the emergence of illicit activities, with criminals increasingly using crypto ATMs to launder money and conduct illegal transactions. …

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Have Bitcoin ATMs Become Money Laundering Tools?

Investigation on Bitcoin of America brought back global attention to crypto tellers and concerns about how are they used.

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Coin Cloud Thundering Down: A Stormy End for an ATM Powerhouse

The rise and fall of Coin Cloud, a Bitcoin ATM operator, and its impact on the global cryptocurrency ATM industry.

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The Future Of Crypto ATM: Global Industry Size To Surpass $5 Billion By 2030

Grand View Research, a market research & consulting company, released a new report on December 7th, which found that the size of the crypto ATM industry would reach $5,450.9 million worldwide by 2030, growing at a CAGR of 61.7% between 2022 and 2030. According to the press release, the rise in the use of cryptocurrencies […]

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9 years after the first Bitcoin ATM, there are now 38,804 globally

From one Candian coffee shop to a worldwide network of nearly 39,000, crypto ATMs have turned nine years old and are only expected to continue growing.

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Crypto ATMs emerging as popular method for crypto scam payments: FBI

The FBI says alongside regular methods of payment such as wire transfers and prepaid cards, crypto ATMs are also becoming a prominent tool for crypto investment scammers.

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Top 12 Crypto Debit Cards to Consider in 2022

These cards let users spend or earn crypto in stores or online, and also offer various benefits and unique features.

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Crypto Debit Cards: What Are They And How Do They Work In DeFi?

Cryptocurrency is bringing forth new innovations to make it acceptable and usable by all.

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Shiba Inu (SHIB) Is Now Available at ‘Bitcoin of America’ Crypto ATMs

Bitcoin of America, a leading BTC ATM operator in the United States, has announced the integration of Shiba Inu (SHIB) into its platform

Continue reading Shiba Inu (SHIB) Is Now Available at ‘Bitcoin of America’ Crypto ATMs at DailyCoin.com.

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U.K. Watchdog Orders Bitcoin ATMs to Shut Down

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