German regulator now requires license for digital currency ATMs
A notice confirms that digital currency ATMs constitute banking business, meaning they fall within BaFin’s regulatory remit.
Latest ATM News
3 arrested in Hong Kong over alleged BTC ATM scam
Police in Hong Kong have arrested three people who they claim stole close to $30,000 from BTC ATMs in the city.
Shitcoins Club ATMs seized by Germany’s BaFin
The German regulator said Shitcoins Club wasn’t licensed to facilitate ‘proprietary trading on a commercial basis.’
Malaysia securities regulator warns of digital currency ATM scam risks
Firms operating digital currency ATMs are technically operating digital asset exchanges, which need to be authorized by the regulator.
Paxful looks to introduce crypto ATMs in Peru and Colombia
Paxful has entered into a partnership with CoinLogiq, a blockchain company out of Colombia, to begin to install crypto ATMs in the country, as well as Peru.
Canadian crypto scammers turn to the simplest scam trick ever
The scammers used the simplest technology to scam potential victims: a poster.
Cryptocurrency ATMs in Nevada to be licensed
Nevada is forcing the ATM operators to get licensed so they can get a clear picture of how many ATMs are in the state.
BTC ATM goes missing and no one notices
If someone steals a BTC ATM, it might be a long time before anyone notices.
Spanish police call crypto ATMs ‘blind spot’ for money laundering
Law enforcement in Spain the automated machines operate within an anti-money laundering blind spot that is helping criminals.
Coinsquare opens door to ATMs granting cryptocurrency transactions
Coinsquare has bought into Just Cash, a move that will allow users to trade in crypto right from an ATM.
Vancouver mulls ban on Bitcoin ATMs over money laundering fears
According to law enforcement in Vancouver, a ban would bring an end to a reported surge in criminal use of the crypto ATMs.
NYPD and crypto companies unite against crypto scam
The NYPD have teamed up with crypto companies to help squash crypto scams, and they’ve given advice on how to avoid them.