Crypto ATMs

Highlights: Arizona officials reported losses after scammers increasingly used crypto ATMs to target residents. Crypto ATM scams often rely on fear and urgency to manipulate their victims. The new state rules limit transactions and require refunds when victims report fraud. […]

Highlights: Alvin Bragg has noted that unlicensed crypto operations let criminals move billions with little oversight. High-fee crypto ATMs help criminals avoid banks and weaken money laundering enforcement. Pig-butchering scams have exposed the limits in tracing and recovering stolen crypto […]

Highlights: Bitcoin Depot has expanded to Hong Kong to meet the rising demand for crypto conversion in Asia. Bitcoin Depot has launched a licensed ATM network in Hong Kong to boost access for users. Hong Kong has become a strong […]

Highlights: AUSTRAC has fined CryptoLink after finding weak reporting controls. CryptoLink agreed to engage third-party reviewers to strengthen its anti-money laundering systems. Regulators have said scams through crypto ATMs continue to grow as victims lose millions. Australia’s financial intelligence agency, […]

Highlights: AUSTRAC will gain new powers to restrict or ban high-risk financial products in Australia. Crypto ATMs in Australia have grown rapidly, and authorities link them to scams and illicit activity. Industry experts have called for collaboration to monitor suspicious […]

Highlights: The attorney general has sued Athena Bitcoin for deceptive practices and charging undisclosed fees on scam-related deposits. The DC lawsuit alleges that Athena Bitcoin deposits in the first months came from scams tied to hidden fees. The rise in […]

Highlights: UK officers seized seven crypto ATMs in London during a major crackdown on illegal crypto exchange operations. The FCA confirmed no crypto ATMs are registered in the UK and warned users that unapproved machines support crime. US and global […]

Highlights: Tasmanian police report crypto ATM users lost money due to scams involving fake investments and romance traps. Australia now has nearly 1900 crypto ATMs, which scammers use to pressure victims into urgent and repeated cash deposits. New rules and […]

Highlights: Spokane has ordered the removal of all crypto ATMs to protect residents from rising scam cases. FBI data shows older victims lost over $100 million through crypto ATM scams in 2024. Lawmakers have proposed limits and safety checks on […]

Highlights: Australia limits crypto ATM transactions to 5000 AUD to stop scams and protect older users. Most crypto ATM scam victims are over 50 and lose thousands through fake investments and fraud. Authorities will add warning signs at crypto ATMs […]

Highlights: Texas lawmaker proposes adding crypto ATMs to federal buildings for wider access. Fraud concerns grow as crypto ATMs contribute to millions in losses, especially among seniors. Gooden’s proposal supports Trump’s vision of the U.S. leading in blockchain innovation. As […]

Highlights: Minnesota proposes a bill to allow state investments and tax payments in Bitcoin and other cryptocurrencies. State employees in Minnesota may soon add Bitcoin to their retirement plans if the new bill becomes law. North Dakota passes a bill […]