In a major development, Delaware lawmakers have taken an aim at cryptocurrency ATMs, advancing legislation that would make the state one of a growing number to impose an outright ban on the machines in the wake of mounting complaints about…
Key Takeaways Spokane, Washington, has enacted a citywide ban on cryptocurrency ATMs, becoming the first jurisdiction in the state to do so. The decision follows a unanimous vote by the Spokane City Council on Monday, citing an alarming rise in…
Key Takeaways Australia has put out new rules on crypto ATM’s to curb rising digital asset crimes. The country’s financial crimes agency- The Australian Transaction Reports and Analysis Centre( ASUTRAC), has placed a 5,000 Australian dollar ($3,250) limit on cash…
Key Takeaways A Texas lawmaker is calling on the federal government to install cryptocurrency ATMs in public buildings, framing the move as a step toward financial modernization amid the backdrop of increasing scrutiny for crypto kiosks. In a letter sent…
Key Takeaways North Dakota has put forth a new legislative proposal tackling crypto atm scams aimed at improving consumer protection. The House bill 1447, introduced by House Representative Steve Swiontek, seeks to impose stricter safeguards on crypto ATMs. Swiontek, the…
Key Takeaways Australia’s financial intelligence agency, AUSTRAC, has established a dedicated task force to address compliance issues in the country’s cryptocurrency ATM sector. The initiative aims to mitigate risks of money laundering and scams associated with digital assets, with AUSTRAC’s…
Key Takeaways Olumide Osunkoya, 45, has admitted to illegally running a network of cryptocurrency ATMs in the UK, marking the first conviction of its kind in the country. The Financial Conduct Authority (FCA) announced the guilty plea in a statement…
Key Takeaways Bitcoin ATMs across the world are facing difficult times. As per a Coin ATM radar report, the global Bitcoin ATM network lost a staggering 435 and 182 machines in the last two months. The authorities have cited the…
The government watchdog in Germany, BaFin, said that it had begun a campaign against crypto ATMs and had taken 13 of these automated cash kiosks from 35 sites.
Key Takeaways In a move to address the growing concerns surrounding cryptocurrency-related scams and fraud, California legislators have proposed a new bill titled “Digital Financial Asset Transaction Kiosks.” This legislation aims to introduce several key measures, including a daily withdrawal…
