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The Federal Bureau of Investigation (FBI) is putting up warning signs on bitcoin ATMs in Cuyahoga County of the U.S. state of Ohio to warn residents not to fall for scams asking victims to send money to scammers via bitcoin ATMs. FBI Putting Warning Signs on Bitcoin ATMs The Cuyahoga County Scam Squad in Cleveland … Read more
On-ramps and off-ramps are key components to bringing new users and new money into the crypto space, but not all are created equal. Go to Source Powered by WPeMatico
Showing up in person to steal cash from a digital asset machine? Go to Source Powered by WPeMatico
Operating a Bitcoin ATM could indeed be a lucrative business endeavor, but it just got a whole lot more complex. Go to Source Powered by WPeMatico
Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering. According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers. Jeffries urged “the need for more uniform regulatory enforcement and compliance” as governments … Read more
The global regulatory landscape is tightening for crypto ATM operators. Go to Source Powered by WPeMatico
The Simple Ledger Protocol (SLP) has been extremely popular among Bitcoin Cash (BCH) advocates and the SLP token universe has grown quite large. SLP tokens have seen a myriad of applications built around them and a slew of unique tokens have gained real-world value after being listed on exchanges. Now the cryptocurrency automatic teller machine … Read more
Oxford law researchers say crypto regulation is needed for preventing traditional financial markets from systemic risk Go to Source Powered by WPeMatico
Transferring money over traditional channels may involve a lot of queuing in lines these days. Authorities around the world are trying to prevent large groups of people gathering in confined spaces to reduce the risk of transmitting the coronavirus infection. Remittances are a lifeline for people in many countries and cryptocurrency ATMs provide a way … Read more
Germany’s Federal Financial Supervisory Authority (BaFin) has shut down unauthorized bitcoin ATMs in the country. Now that cryptocurrency is regulated under the German Banking Act, bitcoin ATM operators need to be authorized by BaFin. The regulator recently clarified what crypto service providers must do to continue their services. Also read: 40 Banks in Germany Declare … Read more
