[Aug 30 8:05 PM] A recent TRM Labs report reveals that crypto ATMs have processed at least $160 million in illicit transactions since 2019, with 2023 alone seeing over $30 million directed to known scam addresses. The rate of illicit activity at crypto ATMs is…
[Aug 28 3:30 PM] Coinflip has officially launched its digital currency kiosks, otherwise known as automated teller machines (ATMs), in Mexico, marking its second expansion in North America. The latest expansion follows the company’s entry into the Canadian…
[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…
[Jun 29 8:28 PM] In June, the number of cryptocurrency automated teller machines (ATMs) saw a slight decline, yet 377 new ATMs were installed during the month. Since January 2024, data shows a total of 2,564 crypto ATMs have been deployed globally. 2024 Sees Steady…
[May 21 1:51 AM] Countries worldwide contributed heavily to the month-on-month increase in Bitcoin ATMs throughout 2024, collectively coming close to reclaiming the 38,000 mark.
[Dec 31, 2023 2:30 PM] Crypto automated teller machines (ATMs) have experienced a decline this year, marking the first downturn since October 2013, with the total count dipping from 39,350 to the present 33,620. Approximately 5,730 cryptocurrency ATMs have been…
[Oct 24, 2023 4:00 AM] 2023 has marked a notable decline in the number of crypto automated teller machines worldwide, plunging to levels not seen since November 2021. Data from coinatmradar.com reveal that July witnessed the steepest fall, with 4,123 crypto ATMs…
[Jul 26, 2023 8:30 AM] In the wake of over 5,000 crypto ATMs being taken out of service during the initial four months of 2023, the past four months have witnessed a resurgence in global crypto ATM installations. Crypto ATM Landscape Rebounds After Downturn Ever since…
[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…
[Jul 9, 2023 10:30 PM] On July 7, 2023, a Clive, Iowa resident fell victim to a scammer posing as a Polk County sheriff’s deputy, who coerced the individual into depositing $6,600 into a bitcoin automated teller machine (ATM). The Clive Police Department insists…
[Apr 2, 2023 1:30 AM] According to data from the cryptocurrency automated teller machine (ATM) aggregation website Coin ATM Radar, over 3,600 crypto ATMs went offline in March. Since the end of 2022, the number of crypto ATMs has declined by 13.91% in the last three…
[Mar 26, 2023 8:30 PM] U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic. The loans were also used to…
[Feb 14, 2023 9:00 PM] Police in the U.K., in collaboration with the Financial Conduct Authority (FCA), have raided several sites allegedly hosting cryptocurrency ATMs. “No crypto ATM operators currently have FCA registration,” the British financial regulator…
[Feb 1, 2023 7:00 PM] According to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the…
[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…
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