ATM Coin is under significant spotlight as instances of fraud and scam surges across the globe. US states like
Illinois, Wisconsin, New York and Arizona are ramping up regulations on cryptocurrency and more specifically, Bitcoin ATMs, some on a pre-emptive basis.
Michigan has put curbs on crypto ATMs, while the
Senate is moving to rein in crypto ATM scams and the
FinCEN warns of rising scams related to the same. Companies operating Bitcoin ATMs like
CoinFlip, Bitstop, and
Bitcoin Depot are also undergoing changes, with CoinFlip potentially being up for sale at an estimated $1 billion and Bitstop expanding its multi-coin access. However, there has been a security breach in Bitcoin Depot's data, leading to the exposure of thousands of customers. In spite of these, Bitcoin ATMs continue to grow globally, with
Poland overtaking
El Salvador in the global Bitcoin ATM count. Romney's Postal Service has quietly launched its first Bitcoin ATM and Bitcoin ATMs have also been seen in Costco, indicating a certain normalization. However, Australia, New Zealand, and UK have cracked down on Crypto ATM providers and have even banned them to prevent financial crimes and scams. Meanwhile, North Dakota Senate has passed a Crypto ATM Bill, creating a first-of-its-kind licensing regime. bitcoin ATM operators Blocksteam and Coinme have faced penalties for violating crypto ATM laws.
ATM Coin News Analytics from Wed, 20 Nov 2024 08:00:00 GMT to Tue, 19 Aug 2025 14:46:50 GMT -
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