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↘ ATM Coin: An Overview of the Crypto ATM Landscape Amid Growing Scams

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ATM Coin: An Overview of the Crypto ATM Landscape Amid Growing Scams
Retailers are earning revenue from crypto ATMs, despite a rise in scams. Royal Farms has adopted safer bitcoin ATMs with fraud prevention mechanisms. Scams involving bitcoin ATMs are particularly targeting the elderly. Texas is planning a wide expansion of bitcoin ATMs. However, Attorney General Schwalb has sued a crypto ATM operator for financially exploiting residents. Crypto dispensers in Mississippi reveal a new, regulated Bitcoin Point of Payment. Bitcoin Bancorp plans to establish 200 new licensed machines starting in Q1 2026. A new Arkansas law is designed to help consumers recover money lost in Bitcoin ATM scams. Despite these developments, scams utilizing crypto ATMs continued to rise with $330 million lost in 2025. Regulators, like Nevada officials and Australia's AUSTRAC, are warning of the increasing scams and levying penalties against rogue ATM operators. Coinme has been ordered to return over $8M to customers. Bitcoin ATM operator CoinFlip is exploring a sale. More cryptocurrencies such as Ethereum and Dogecoin have been included in ATMs. However, an investigation involving Bitcoin operator CoinFlip is ongoing due to charges of money laundering.

ATM Coin News Analytics from Thu, 06 Feb 2025 08:00:00 GMT to Sat, 20 Dec 2025 15:36:35 GMT - Rating -2 - Innovation 0 - Information 7 - Rumor -4

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