California county to regulate Bitcoin ATMs backed by state laws
Chico, California, looks to state and local regulations to oversee Bitcoin ATMs, aiming to limit fraud and ensure transparency. Go to Source
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El Salvador Bitcoin ATM network to receive Lightning Network upgrade
Athena Bitcoin plans to integrate the Lightning Network into 100 of its machines in the next couple of months. Go to Source
SBF claims innocence, contradicts other witnesses: Law Decoded
Sam Bankman-Fried was the final witness to take the stand after more than three weeks of testimonies in court. Go to Source
California bill aims to cap crypto ATM withdrawals at $1,000 per day to combat scams
A new legislative investigation found some crypto ATMs charging a premium as high as 33%, while a few ATMs had limits of up to $50,000. Go to Source
Bitbuy enters strategic partnership with Canadian crypto ATM firm Localcoin
Localcoin ATM will also be expanding its range of cryptocurrency offerings and launching a wallet app. Go to Source
Hong Kong retains top crypto-ready position for two consecutive years
While Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from 7.7 in 2022 to 7.25. Go to Source
KC Fed tracks healthy growth of crypto ATM industry despite predatory operators
The crypto ATM industry gets little attention relative to its size and issues. It appeals to users with motivations ranging from convenience to investment. Go to Source
Bipartisan bill to regulate DeFi, crypto security risks, introduced into US Senate
The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.” Go to Source Powered by WPeMatico
UK FCA shuts down 26 crypto ATMs following coordinated investigation
The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017. Go to Source Powered by WPeMatico
Crypto ATM firm Bitcoin Depot will go public on Nasdaq starting July 3
The special purpose acquisition company deal, first reported in August 2022, cost $885 million and is expected to allow investors exposure to Bitcoin Depot’s common stock. Go to Source Powered by WPeMatico