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Lawmakers are seeking to curb crypto ATM fraud with a bipartisan bill that would set transaction limits, mandate scam warnings, and require transaction records and updated kiosk location records. The proposal follows FBI-cited losses of more than $333 million, with older Americans accounting for most known-age financial losses. Bipartisan Bill Would Set Crypto ATM Limits … Read more
Missouri Attorney General Catherine Hanaway filed a lawsuit May 20, 2026, against GPD Holdings LLC, the company operating the Coinflip Bitcoin ATM network, accusing it of knowingly facilitating fraud while hiding fees that reached as high as 21.9% of each transaction. Missouri Sues Coinflip for Hiding 21.9% Fees and Allegedly Enabling Crypto Scams Statewide The … Read more
Bitcoin Depot entered Chapter 11 to wind down operations, sell assets, and shut its bitcoin ATM network as state rules tighten. The company cited new compliance burdens, transaction limits, and restrictions affecting BTM operators. Bitcoin Depot Begins Chapter 11 Process Amid Regulatory Pressure Bitcoin Depot Inc. (Nasdaq: BTM) announced on May 18 that it initiated … Read more
Iowa now requires crypto ATM operators to obtain money transmission licenses and comply with expanded state reporting and oversight requirements. The law also broadens enforcement authority, including penalties of up to $100,000 for violating injunctions tied to digital financial asset kiosk enforcement actions. Iowa Adds Penalties and Oversight for Crypto Kiosks Iowa Attorney General Brenna … Read more
Canada has announced plans to ban cryptocurrency ATMs, identifying them as a primary tool for money laundering and fraud. Key Takeaways: The Liberal Party’s April 28 update plans a ban on crypto ATMs to stop scammers and illicit cash moves. Canada leads the world per capita with 4,000 machines, while over 39,000 remain active globally. … Read more
Bitcoin Depot revealed it lost just over 50 bitcoins in a cyberattack in which an unauthorized party gained access to its corporate systems and settlement account credentials. Key Takeaways: Bitcoin Depot lost 50.903 BTC, worth $3.665 million, after a March 23 cyberattack on corporate systems. Management deemed the event material on April 6 due to … Read more
Figures compiled by coinatmradar.com indicate that approximately 597 crypto automated teller machines (ATMs) have been withdrawn from the market so far this year. Crypto ATM Data 2026: 597 Net Removals Recent figures show the global count of crypto ATMs edged close to the 40,000 mark this month, yet data recorded on March 29, 2026, reveals … Read more
The FBI warns of rising impersonation scams involving cryptocurrency payments, as fraudsters use urgency and evolving tactics to pressure victims into quick financial decisions and drive increasing financial losses. FBI Warns of Rising Law Enforcement Impersonation Scams A new warning from the FBI’s Louisville Field Office is drawing attention to how cryptocurrency is being used … Read more
Metrics reveal that, for the first time since March, the global count of crypto automated teller machines (ATMs) has contracted. Even with this recent pullback, roughly 1,480 crypto ATMs have still been added since the year began. 403 Crypto ATMs Vanished Since October According to data compiled by the crypto ATM tracker coinatmradar.com, the global … Read more
Rising demand for physical crypto access accelerates as Royal Farms integrates Bitstop’s multi-asset kiosks across its 310 stores, advancing digital engagement and setting the stage for broader consumer participation through an expanding retail crypto infrastructure. Royal Farms Taps Bitstop Partnership to Deliver Multi-Asset Crypto Access Across States Escalating demand for physical crypto access points is … Read more