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UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMs

[Sep 10 12:42 PM] Olumide Osunkoya, 45 year old Londoner has been accused of running crypto ATMs that processed british pounds 2.6 million ($3.4 million) in crypto transactions across various locations.

Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs

[Aug 29 10:48 AM] Since 2019, the cash-to-crypto industry—which is dominated by crypto ATMs—has processed at least $160 million in illicit volumes, according to a new study by blockchain analytics firm TRM Labs.

German Authority Seizes 13 Unauthorized Crypto ATMs

[Aug 21 11:30 PM] Germany’s Federal Financial Supervisory Authority (BaFin) has seized 13 unauthorized cryptocurrency ATMs in a nationwide operation involving 60 officers and raids on 35 locations. BaFin reported that the machines facilitated illegal…

Police Warn of Bitcoin Scammers Posing as Bank Representatives

[Aug 14 9:30 AM] The Carroll County Sheriff’s Office in the U.S. state of Georgia has issued a warning about a cryptocurrency scam. Scammers are posing as representatives of financial institutions, informing individuals that their accounts have been compromised…

UK Regulator Continues Crackdown on Crypto ATMs, Checks 18 New Sites

[Jul 11, 2023 3:30 PM] The U.K.’s Financial Conduct Authority (FCA) is proceeding with efforts to shut down all bitcoin ATMs “illegally operating” in the country. After more inspections in the past couple of months, the watchdog vowed to continue to take action against…

UK Regulator Ramped Up Campaign Against Crypto ATMs in May and June

[Jul 11, 2023 2:02 AM] The financial watchdog conducted inspections in conjunction with the South West Regional Organized Crime Unit and the police forces of Greater London, Bedfordshire and Hertfordshire.

UK’s FCA Continues Crackdown on Unregistered Crypto ATMs

[May 5, 2023 3:19 AM] The regulator, alongwith the local police raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat.

FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds

[Mar 13, 2023 8:30 AM] The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, March 13, 2023. The FDIC stated that both…

US With Highest Number of Closed Bitcoin ATMs in Negative Growth Year

[Jan 6, 2023 6:30 AM] The number of ATMs supporting digital currencies has fallen around the world over the course of a turbulent year for the whole industry. According to a new report, the United States has lost more machines offering crypto teller services than any…