The global Bitcoin ATM scene is a mix of opportunities and threats. Growth is seen until 2024,
MicroStrategy buying more BTC and the growth of the crypto ATM market until 2032 are positive indicators. However, potential challenges include security breaches, hacking cases exposing individual's financial data, and rising scams. A recent hack on ATM operator
Byte Federal and Bitcoin ATM-related scam costs soaring to $65M in 2024 signify serious threats. Meanwhile, companies such as Athena Bitcoin, Genesis Coin, CoinFlip, Hut 8 and RockitCoin continue to operate, face lawsuits, launch new initiatives or expand to other countries. Los Angeles had an incident revealing an unlicensed ATM network for laundering Bitcoin. In the US, state and national lawmakers, as well as the Federal Trade Commission (FTC), are making efforts to regulate Bitcoin ATMs and curb scams, particularly those targeting seniors. Germany’s Financial Watchdog BaFin regulates against unauthorized Bitcoin ATMs while in California, a local court upheld a daily cap on ATM withdrawals. Some states in the US, like Texas, offer Bitcoin exchange option in convenience stores. There is a rush in Australia for Crypto ATMs, but authorities warn of high risks. NCR Atleos introduced a
Bitcoin cashout feature for LibertyX Bitcoin ATMs boosting convenience for users.
ATM Coin News Analytics from Wed, 14 Feb 2024 08:00:00 GMT to Mon, 23 Dec 2024 13:12:00 GMT -
Rating -2
- Innovation 3
- Information 7
- Rumor -1
