UK FCA shuts down 26 crypto ATMs following coordinated investigation
The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017.
Search by tag: #atms
Net Bitcoin ATMs record an increase after 4 months of global downtrend
In the first four months of 2023, the net crypto ATMs worldwide declined by 5,850. In May, however, 1,397 machines were added back to the global crypto ATM network.
UK financial watchdog announces inspections against sites with suspected illegal crypto ATMs
The FCA's actions followed similar operations in East London and Leeds, where the regulator said it had issued warnings or cease-and-desist requests to suspected ATM operators.
More than 3600 Bitcoin ATMs went offline to record largest monthly decline
With 3,627 crypto ATMs going down last month, March 2023 becomes the month with the largest monthly decline of crypto ATMs.
UK FCA to take action against unregistered, illegal cryptocurrency ATMs
According to FCA, all crypto ATM operators in the United Kingdom are currently illegal because none of them is registered with the regulator.
UK native stablecoin integrates into 18,000 ATMs nationwide
Brits can now withdraw physical cash for GBPT, a one-for-one pound sterling stablecoin, as well as other cryptos at ATMs in the United Kingdom.
Less than 100 Bitcoin ATMs added worldwide in the second half of 2022: Data
Over the last six months, between July to the end of 2022, just 94 Bitcoin ATMs were added to the global network.
Crypto ATMs emerging as popular method for crypto scam payments: FBI
The FBI says alongside regular methods of payment such as wire transfers and prepaid cards, crypto ATMs are also becoming a prominent tool for crypto investment scammers.
Net Bitcoin ATMs growth drops globally for the first time ever
Data on net changes of crypto ATM installations confirm that, in September, 796 crypto ATMs were pulled off from the global network.
How Bitcoin ATMs in Greece fare during a record-breaking tourist season
Despite record-breaking numbers this past summer tourist season, the local crypto scene in Greece sees no impact, says co-founder of local BCash Bitcoin ATMs Dimitrios Tsangalidis.