Bitbuy enters strategic partnership with Canadian crypto ATM firm Localcoin
Localcoin ATM will also be expanding its range of cryptocurrency offerings and launching a wallet app. Go to Source
ATM
Auto Added by WPeMatico
Hong Kong retains top crypto-ready position for two consecutive years
While Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from 7.7 in 2022 to 7.25. Go to Source
KC Fed tracks healthy growth of crypto ATM industry despite predatory operators
The crypto ATM industry gets little attention relative to its size and issues. It appeals to users with motivations ranging from convenience to investment. Go to Source
Bipartisan bill to regulate DeFi, crypto security risks, introduced into US Senate
The bill was introduced in the evening and has not been published yet, but it is already causing a stir. Crypto Twitter calls it a “nonstarter.” Go to Source Powered by WPeMatico
UK FCA shuts down 26 crypto ATMs following coordinated investigation
The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017. Go to Source Powered by WPeMatico
Crypto ATM firm Bitcoin Depot will go public on Nasdaq starting July 3
The special purpose acquisition company deal, first reported in August 2022, cost $885 million and is expected to allow investors exposure to Bitcoin Depot’s common stock. Go to Source Powered by WPeMatico
Economics of Bitcoin ATM market could hinder wider adoption
Bitcoin of America’s shutdown in Connecticut highlights the obstacles for companies operating crypto ATMs. Go to Source Powered by WPeMatico
Net Bitcoin ATMs record an increase after 4 months of global downtrend
In the first four months of 2023, the net crypto ATMs worldwide declined by 5,850. In May, however, 1,397 machines were added back to the global crypto ATM network. Go to Source Powered by WPeMatico
Bitcoin of America to halt operating unlicensed crypto ATMs in Connecticut
The Department of Banking highlighted that Bitcoin of America failed to obtain a license as a money transmitter to operate Bitcoin ATM kiosks in the state. Go to Source Powered by WPeMatico
UK financial watchdog announces inspections against sites with suspected illegal crypto ATMs
The FCA’s actions followed similar operations in East London and Leeds, where the regulator said it had issued warnings or cease-and-desist requests to suspected ATM operators. Go to Source Powered by WPeMatico
