Shut down or face action: UK FCA issues warning vs digital asset ATMs
The U.K. regulator has said that none of the operating digital asset ATM operators are registered to offer such services and must shut down immediately or face regulatory action.
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Digital currency ATMs in Singapore start shutting down after regulatory crackdown
The Monetary Authority of Singapore recently clamped down on avenues that led investors to get into digital assets on impulse, and ATMs were high on the list.
Digital currency ATMs being used for drugs and human trafficking: GAO
U.S. Government Accountability Office said that since digital currency ATMs are not as strictly regulated, they can allow human traffickers to move funds discreetly and recommend tougher measures.
Digital currency ATMS ‘increasingly used for money laundering’ in US drug market: DEA
In a new report, the law enforcement agency said drug traffickers were turning to digital currency ATMs as a way of illegally transferring money to avoid detection.
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.
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.