ATMs – DIGIT INFO

German Authority Seizes 13 Unauthorized Crypto ATMs

DIGIT — Wed, 21 Aug 2024 23:46:11 +0000

Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal transactions and posed money laundering risks. Under German law, trading currencies, including cryptocurrencies, without proper authorization is illegal, with violators facing up to five […]

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Police Warn of Bitcoin Scammers Posing as Bank Representatives

DIGIT — Wed, 14 Aug 2024 09:46:11 +0000

The Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised. They then instruct victims to withdraw funds from their accounts and deposit them into bitcoin ATMs. The sheriff’s office emphasizes […]

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FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds

DIGIT — Mon, 13 Mar 2023 14:30:15 +0000

The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, March 13, 2023. The FDIC stated that both banks’ deposits were made whole under the “systemic risk exception” approved by the U.S. Federal Reserve and […]

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US With Highest Number of Closed Bitcoin ATMs in Negative Growth Year

DIGIT — Fri, 06 Jan 2023 12:30:02 +0000

The number of ATMs supporting digital currencies has fallen around the world over the course of a turbulent year for the whole industry. According to a new report, the United States has lost more machines offering crypto teller services than any other country, while Australia tops the chart in terms of new installations. 2022 Ends […]

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Bitcoin ATMs Increase in Number in Moscow, Russia

DIGIT — Sat, 29 Oct 2022 05:30:22 +0000

The number of bitcoin ATMs has been on the rise in Russia’s capital and the rest of the country, a press report revealed this week. There is demand for the service as it offers easy access to cryptocurrencies, although not at the best exchange rates and still amid regulatory uncertainty. More Crypto ATMs Installed in […]

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World’s Largest Crypto ATM Company Bitcoin Depot to Go Public via SPAC Deal

DIGIT — Thu, 25 Aug 2022 19:30:57 +0000

The largest cryptocurrency automated teller machine (ATM) operator, Bitcoin Depot, has revealed it has plans to go public via a special purpose acquisition company (SPAC) deal. The $885 million acquisition deal with GSR II Meteora (GSRM) will make Bitcoin Depot a publicly-traded company listed on Nasdaq. Bitcoin Depot Reveals SPAC Deal With GSRM, Post-Transaction BTM […]

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Tracker Shows Close to 3,000 Crypto ATMs Were Installed in 2022’s First Quarter

DIGIT — Sat, 02 Apr 2022 20:00:10 +0000

During the last 12 months, there’s been an exponential number of cryptocurrency automated teller machines (ATMs) installed as data shows that 20,000 crypto ATMs were installed last year. This year machines are still being installed in great numbers and since December 30, there have been 2,759 machines added to the list of 36,659 crypto ATMs […]

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Colombian Tax Authority Tightens Control Over Cryptocurrency Usage

DIGIT — Wed, 02 Feb 2022 07:30:19 +0000

The DIAN, the Colombian tax authority, has announced it is taking special measures to tighten controls on taxpayers currently using cryptocurrencies to transact. With these actions, the organization seeks to detect any taxpayers that have used crypto assets and failed to report these activities, or reported them erroneously. This action seeks to thwart cryptocurrency-related tax […]

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Over 20,000 Bitcoin ATMs Installed in a Year

DIGIT — Thu, 30 Dec 2021 08:30:58 +0000

The number of cryptocurrency ATMs around the world has grown exponentially in 2021, with over 20,000 new installations made since last December. That’s more than the total of all crypto teller machines put into operation in the previous seven years. Close to 34,000 Crypto ATMs Available Globally ATM locations offering users options to buy and […]

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Mandates Ban Unvaccinated From Visiting Banks in Multiple Countries, Australian Premier Says ‘There’s Going to Be a Vaccinated Economy’

DIGIT — Wed, 22 Dec 2021 05:00:09 +0000

Over the last few weeks, furious debates over Covid-19 and vaccine mandates have divided people into two classes. On December 21, one individual from Argentina explained in a forum that “banks in Argentina are not letting unvaccinated people inside.” The person said that whether people are for or against vaccines, the mandate was “nuts” and […]

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