The cryptocurrency marketplace is witnessing increased scrutiny on cryptocurrency ATMs, with legal actions flagged against notable operators like
Athena Bitcoin and
CoinFlip on grounds of facilitating scams, particularly targeting the elderly. Amid regulatory concerns, proposals for crypto ATM structure bills and fraud prevention acts are being developed in the
US Senate and states like
North Dakota, potentially curtailing ATM limits and offerings.
Kazakhstan, meanwhile, has launched a stablecoin through Solana and Mastercard, bypassing ATM requirements. This scrutiny has spurred operators to innovatively diversify their services.
Bitstop and
Canada's Largest Bitcoin ATM Operator have added popular cryptocurrencies like
Ethereum, Dogecoin, and Ripple to their ATMs. Moreover, amid scam allegations,
CoinFlip is reported to be exploring a sale valued at potentially $1 billion, while
Localcoin aims to expand operational territories to markets like Hong Kong. However, some municipalities are seeking greater local control over these ATMs due to scam surges, leading to
New Zealand's recent crypto ATM ban. Simultaneously, data breaches have hit operators like
Bitcoin Depot and
Byte Federal, exposing thousands of customers. Nevertheless, ATM availability is also growing, with spots in Costco stores, gas stations, and even Romanian post offices. A lawmaker suggesting ATM placement in federal buildings points to mainstream crypto acceptance, though many still fall prey to scams, losing significant amounts through seemingly legitimate transactions.
ATM Coin News Analytics from Wed, 20 Nov 2024 08:00:00 GMT to Wed, 24 Sep 2025 19:59:23 GMT -
Rating -5
- Innovation -2
- Information 5
- Rumor -3
