Bitcoin ATM Giant Hit With $300K Penalty
Coinme, a bitcoin ATM operator, has been penalized by California regulators for breaking new digital asset kiosk laws, leading to a consent order that includes restitution, staged financial penalties, and…
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Texas Congressman Wants Crypto ATMs in Federal Government Buildings
The 47-year-old lawmaker submitted his proposal to a government agency that manages a real estate portfolio of 8,397 federal properties. Federal Buildings Could Get Crypto ATMs Under New Proposal Congressman…
Australia Cracks Down on Crypto ATMs, Citing Inadequate AML and CTF Measures
AUSTRAC, Australia’s financial services watchdog, has raised concerns that some crypto ATM providers may lack adequate anti-money laundering and counter-terrorism measures. Task Force Identifies Worrying Trends The Australian financial services…
The Great Unplugging: Bitcoin ATMs Face Steepest Drop Since December 2024
Data from coinatmradar.com reveals a net decline of 971 bitcoin automated teller machines (ATMs) globally in March, punctuated by a fleeting resurgence of 188 installations in the month’s final week.…
How to buy Bitcoin with a credit card
Key takeawaysBuying Bitcoin with a credit card offers nearly instant transactions and convenience, but it costs you higher fees and potential blocked transactions from card providers.Centralized exchanges like Coinbase and…
Senators Declare War on Crypto ATM Scams With Tough New Rules
New legislation would mandate fraud warnings, transaction limits, and mandatory refunds for crypto ATM users, aiming to curb scams and hold operators accountable. Senators Introduce Crypto ATM Fraud Prevention Act…
ATM Operator Bitcoin Depot Expands Treasury Holdings With Additional BTC Purchase
Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM operator has announced the acquisition of an additional 11.1 BTC as part of its ongoing treasury strategy, initially revealed in June 2024.…
Ohio’s New Crypto Fraud Unit Claims First Victory, Recovers $130K From Scam
The Ohio Bureau of Criminal Investigation’s new Electronic Fraud Investigations unit has recovered $130,000 from a cryptocurrency scam in its first victory. The unit was established to address the growing…
FCA Secures First Conviction for Illegal Crypto ATM Operation in UK
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…
Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California
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…