Bitcoin Depot is expanding in Hong Kong as part of its Asian growth strategy. ATMs linked with cryptocurrencies have faced legal actions and stringent regulations in various parts of the globe. The Attorney General of the United States,
Schwalb sued a crypto ATM operator for financially exploiting residents of the district. In
California, Bitcoin ATM operators face stiff penalties, and a surge in ATM scams has sparked a call for crackdown in areas like
Grosse Pointe Farms. In contrast, there is a widespread move to expand the cryptocurrency network.
Bitstop expanded multi-coin access across its nationwide ATM network and
Bitcoin Banknote-ATM network pilot launched in El Zonte, El Salvador. Innovation has seen the addition of new coins like
Ethereum, Dogecoin, Ripple to ATM Coin offerings. However, the crypto industry is associated with increasing scams, with Americans losing millions at crypto ATMs. Regulatory measures include a new
Arkansas law to aid the recovery of money lost in Bitcoin ATM scams.
Australia's AUSTRAC is also fining ATM operators as a part of the crypto ATM crackdown. Despite this, the Bitcoin ATM operator,
CoinFlip, is contemplating a possible sale while the ATM operator,
Athena Bitcoin faces allegations over scam-linked deposits.
ATM Coin News Analytics from Thu, 23 Jan 2025 08:00:00 GMT to Wed, 12 Nov 2025 21:07:38 GMT -
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