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
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
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
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
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
Bitcoin Depot converts BTC ATMs to software to reduce operating costs
The software conversion of the crypto ATMs, which vertically integrates Bitcoin Depot’s hardware and software, eliminates annual software licensing fees. Go to Source Powered by WPeMatico
