Crypto ATMs, also known as
Bitcoin ATMs, have been proliferating rapidly worldwide, with significant expansion noted in countries like
Poland and
Australia. Despite some pushback due to regulatory concerns in regions such as
Illinois and
Arizona, number of these ATMs continue to grow. In a major development,
CoinFlip, a leading Bitcoin ATM provider, launched a wallet app in Australia and New Zealand to enhance user experience. However, the dangers of scams involving these ATMs are also on the rise, with the
Federal Trade Commission (FTC) issuing warnings about such fraudulent activities. Older populations are particularly being targeted by these scams, leading to losses of over $110 million in 2023. A significant data breach was reported at Bitcoin ATM operator
Byte Federal, affecting 58,000 users. In response to such security issues, lawmakers in
North Dakota have proposed to cap crypto ATM transactions. Retailers like
Costco are beginning to introduce Bitcoin ATMs, while banks are planning to install coin ATMs in communities affected by closures.
ATM Coin News Analytics from Fri, 22 Mar 2024 07:00:00 GMT to Wed, 19 Feb 2025 15:49:26 GMT -
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- Innovation -2
- Information 6
- Rumor -2
