ATM – DIGIT INFO

Australia Cracks Down on Crypto ATMs, Citing Inadequate AML and CTF Measures

April 1, 2025 by DIGIT

AUSTRAC, Australia’s financial services watchdog, has raised concerns that some crypto ATM providers may lack adequate anti-money laundering and counter-terrorism measures. Task Force Identifies Worrying Trends The Australian financial services industry watchdog, AUSTRAC, has claimed that some crypto ATM providers “may not have the right anti-money laundering and counter-terrorism (AML/CTF) checks in place.” The watchdog’s … Read more

The Great Unplugging: Bitcoin ATMs Face Steepest Drop Since December 2024

March 25, 2025 by DIGIT

Data from coinatmradar.com reveals a net decline of 971 bitcoin automated teller machines (ATMs) globally in March, punctuated by a fleeting resurgence of 188 installations in the month’s final week. 2025’s First Reduction: 971 Bitcoin ATMs Vanish The once-expansive proliferation of crypto ATMs has plateaued in recent years, with 2022 marking the first annual contraction … Read more

How to buy Bitcoin with a credit card

March 13, 2025 by DIGIT

Key takeaways Buying Bitcoin with a credit card offers nearly instant transactions and convenience, but it costs you higher fees and potential blocked transactions from card providers. Centralized exchanges like Coinbase and Kraken are the easiest reputable platforms on which to buy Bitcoin with credit cards. To protect yourself during transactions, only use trusted exchanges … Read more

Senators Declare War on Crypto ATM Scams With Tough New Rules

February 28, 2025 by DIGIT

New legislation would mandate fraud warnings, transaction limits, and mandatory refunds for crypto ATM users, aiming to curb scams and hold operators accountable. Senators Introduce Crypto ATM Fraud Prevention Act U.S. Senator Jack Reed (D-RI) announced on Feb. 26 that he has introduced the Crypto ATM Fraud Prevention Act (S. 710) to address the growing … Read more

ATM Operator Bitcoin Depot Expands Treasury Holdings With Additional BTC Purchase

February 26, 2025 by DIGIT

Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM operator has announced the acquisition of an additional 11.1 BTC as part of its ongoing treasury strategy, initially revealed in June 2024. This latest purchase follows the company’s recent acquisition of 51 bitcoin earlier this month, elevating its total treasury holdings to 82.6 BTC. CEO Brandon Mintz … Read more

Ohio’s New Crypto Fraud Unit Claims First Victory, Recovers $130K From Scam

October 10, 2024 by DIGIT

The Ohio Bureau of Criminal Investigation’s new Electronic Fraud Investigations unit has recovered $130,000 from a cryptocurrency scam in its first victory. The unit was established to address the growing complexity of cyber financial crimes, particularly those involving cryptocurrency. Ohio’s New Fraud Unit Recovers $130K From Crypto Scam Ohio Attorney General Dave Yost announced on … Read more

FCA Secures First Conviction for Illegal Crypto ATM Operation in UK

October 1, 2024 by DIGIT

Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under the UK’s anti-money laundering laws. UK’s First Illegal Crypto ATM Conviction Unveiled … Read more

UK crypto ATM operator pleads guilty to fraud, money laundering charges

September 30, 2024 by DIGIT

Olumide Osunkoy faces prosecution on multiple charges related to the operation of crypto ATMs across the UK. He could spend up to 26 years in jail if convicted of all charges. Go to Source

US lawmakers urge top crypto ATM operators to tackle fraud

September 16, 2024 by DIGIT

Seven Democratic US Senators have sent letters to ten of the country’s biggest Bitcoin ATM operators urging them to address fraud against elderly Americans. Go to Source

Court Upholds $1,000 Cap on Daily Crypto ATM Withdrawals in California

September 4, 2024 by DIGIT

A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new disclosures. California Court Upholds Bitcoin ATM Withdrawal Limit The California Department of Financial Protection and Innovation (DFPI) … Read more