Economics of Bitcoin ATM market could hinder wider adoption
Bitcoin of America’s shutdown in Connecticut highlights the obstacles for companies operating crypto ATMs.
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Net Bitcoin ATMs record an increase after 4 months of global downtrend
In the first four months of 2023, the net crypto ATMs worldwide declined by 5,850. In May, however, 1,397 machines were added back to the global crypto ATM network.
UK financial watchdog announces inspections against sites with suspected illegal crypto ATMs
The FCA's actions followed similar operations in East London and Leeds, where the regulator said it had issued warnings or cease-and-desist requests to suspected ATM operators.
Australia installs more Bitcoin ATMs than whole of Asia
Asia, which includes major economies such as China, Japan, Singapore and India, hosts 355 crypto machines, representing 1% of the total crypto ATMs installed worldwide.
More than 3600 Bitcoin ATMs went offline to record largest monthly decline
With 3,627 crypto ATMs going down last month, March 2023 becomes the month with the largest monthly decline of crypto ATMs.
Bybit introduces Mastercard-powered debit card days after halting USD transfers
Bybit is set to roll out Mastercard-powered debit cards, allowing users to pay for goods and services with cryptocurrency holdings.
Bitcoin ATM decline: Over 400 machines went off the grid under 60 days
For more than a year, between December 2020 to January 2022, more than 1000 crypto and Bitcoin ATMs were being installed every month.
UK FCA to take action against unregistered, illegal cryptocurrency ATMs
According to FCA, all crypto ATM operators in the United Kingdom are currently illegal because none of them is registered with the regulator.
Coin Cloud crypto ATM operator files for bankruptcy, owes over $100M to Genesis
The company was in “hyper-growth” in January 2022, now it has over 5,000 creditors and debts over $100 million; bankrupt Genesis is its largest creditor.
UK native stablecoin integrates into 18,000 ATMs nationwide
Brits can now withdraw physical cash for GBPT, a one-for-one pound sterling stablecoin, as well as other cryptos at ATMs in the United Kingdom.