The city of Vancouver, Canada, is considering banning bitcoin automated teller machines due to money laundering issues.
ATM News
ATM (automated teller machine) is an electronic device that is used by financial services to provide various operations for their customers. The most commonly used ATM transactions are cash deposits and withdrawals, transferring funds and obtaining account information. Some current ATMs are also capable of performing such operations as selling train and lottery tickets, offering an opportunity for charitable donations and retailing concert tickets. The outburst of the popularity of cryptocurrency has also influenced ATMs and led to the development of cryptocurrency ATMs. The most popular of them is, of course, Bitcoin ATMs that allow people to exchange Bitcoin for cash, but one can also find Litecoin and Ethereum ATMs. However, crypto ATMs are not an ATM in the traditional sense, as it is not connected to a bank account, but to the Bitcoin exchange itself.
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Eight people have been arrested for allegedly operating a money laundering scheme involving cryptocurrencies.
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Cryptocurrency automated teller machine provider CoinFlip has postponed listing USDT as the firm wants “full assurance that USDT is stable.”
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Saudi ATM provider Alhamrani Universal and blockchain firm ShoCard will jointly develop a new type of ATM combining blockchain and biometrics technologies.
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Philippine bank Union Bank is reportedly launching the country’s first two-way cryptocurrency ATM.
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by Aaron Wood
The New York State Department of Financial Services has granted a BitLicense to a Bitcoin ATM operator, Cottonwood Vending LLC.
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A new crypto portal is enabling users to buy 20 different altcoins online using fiat — without the need to convert their cash to Bitcoin or Ethereum first.
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Bitcoin ATM operator Coinme has already begun offering Bitcoin purchases with coin counting firm Coinstar in the U.S., but the extent of the deployment remains ...
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Bitcoin ATM producer Lamassu has moved to the Swiss canton of Lucerne due to regulatory difficulties in other countries.
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by Ana Berman
The number of crypto ATMs around the world kept growing in November, despite the recent market crash.
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A Sydney-based startup has launched a crypto card which can be used at ATMs and payment terminals across Australia.
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Bitcoin Group SE, operator of major German crypto trading platform bitcoin.de, has acquired a 100% stake in investment bank Tremmel Wertpapierhandelsbank GmbH.
- Follow up
On what grounds were the creators of India’s first Bitcoin “ATM” arrested this October?
- Hodler’s Digest
Bakkt BTC futures are tentatively set to launch in December, while New York regulators give Coinbase the green light for custody services.
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Cryptocurrencies have challenges in becoming a major force in the world’s economy, but looking at history, almost every advancement has had similar issues.
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