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ATMs
UK Regulator Charges First Individual With Running a Network of Illegal Crypto ATMs
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
Since 2019, the cash-to-crypto industry– which is dominated by crypto ATMs – has processed at least $160 million in illicit trades, TRM Labs said.
UK Regulator Ramped Up Campaign Against Crypto ATMs in May and June
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
The regulator, along with local police, raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat.
Bitcoin ATM Operator Coin Cloud Files for Bankruptcy With Liabilities of $100M-$500M
Coin Cloud was provided an unsecured loan of $100 million from Genesis Global Capital.
UK FCA Orders Operators to Shut Down Crypto ATMs
Any crypto ATMs in the U.K. are operating illegally, the financial watchdog said.
NCR to Buy LibertyX to Add Digital-Currency Software to Digital Wallet, Mobile Apps
The acquisition will make LibertyX capabilities available to banks, restaurants and retailers.
Crypto ATM Installations Have Increased Over 70% This Year
The growth compares with a jump of almost 120% for all 2020, according to data from Coin ATM Radar.
Over 100 New Bitcoin ATMs Going Live Across 24 US States
The provider, Bitcoin Depot, said it has doubled the number of its crypto kiosks in the last six months.
Dogecoin Bounds Onto 1,800 ATMs in the US
CoinFlip told CoinDesk DOGE has become a symbol of the small retail investor.
