Crypto ATM – DIGIT INFO

Australia to crack down on crypto ATM providers, citing money laundering risk

DIGIT — Fri, 06 Dec 2024 01:57:50 +0000

Australia has the third largest number of crypto ATMs in the world and regulators are worried they could be facilitating financial crime.

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FCA Secures First Conviction for Illegal Crypto ATM Operation in UK

DIGIT — Tue, 01 Oct 2024 02:30:31 +0000

Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under the UK’s anti-money laundering laws. UK’s First Illegal Crypto ATM Conviction Unveiled […]

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FCA Files First Charges Against Unregistered Crypto ATM Operator in UK

DIGIT — Wed, 11 Sep 2024 00:30:34 +0000

The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that processed £2.6 million in transactions without registration, violating anti-money laundering […]

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German BaFin regulator cracks down on crypto ATMs

DIGIT — Tue, 20 Aug 2024 18:12:48 +0000

According to Coin ATM Radar, there are currently 38,725 crypto ATMs worldwide, with a vast majority located inside the United States.

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Crypto ATM Numbers Drop by 13.91% Since December 2022, Over 3,600 Went Offline in March

DIGIT — Sun, 02 Apr 2023 08:34:57 +0000

According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three months. Crypto ATM Numbers Decline in 2023 According to data from Coin ATM Radar, […]

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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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Study: 6,100 Crypto ATMs Installed in 2022, Figure 3 Times Less Than in Previous Year

DIGIT — Thu, 24 Nov 2022 11:00:30 +0000

New data has shown that as many as 6,100 crypto and bitcoin automated teller machines were installed in the first eleven months of 2022. The latest figure is approximately three times less than the ATMs that were installed in 2021. The data shows that the United States, which has over 34,000 crypto ATMs, accounts for […]

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9 years after the first Bitcoin ATM, there are now 38,804 globally

DIGIT — Mon, 31 Oct 2022 06:04:42 +0000

From one Candian coffee shop to a worldwide network of nearly 39,000, crypto ATMs have turned nine years old and are only expected to continue growing.

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Spanish Crypto ATM Company Bitbase Eyes European and Latam Expansion

DIGIT — Tue, 11 Oct 2022 07:30:53 +0000

Bitbase, a Spanish cryptocurrency ATM company, is planning to keep expanding its services in 2023. The company, which received investments from Dextools and Woonkly, two Web3-based decentralized companies, aims to reach 200 cryptocurrency ATMs installed in Spain. Bitbase is also working to obtain licenses to begin operating in countries like Italy, England, Germany, and the […]

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Bitcoin ATM Operator Indicted in New York Allegedly Running Illegal Business Attracting Criminals

DIGIT — Mon, 18 Apr 2022 05:30:26 +0000

A bitcoin ATM operator has been indicted in New York for running an illegal business “marketed towards individuals engaged in criminal activity.” The district attorney in charge described: “Robert Taylor allegedly went to great lengths to keep his bitcoin kiosk business as secret as possible to attract a clientele that would pay top dollar for […]

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