The German Financial Market Authority BaFin has ordered the crypto service provider and operator of bitcoin ATMs KKT UG to stop its business.
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.
- News
- News
The number of global crypto ATM’s has grown to over 7,000, after surpassing the 6,000 mark just last fall.
- News
by Samuel Haig
13,000 South Korean ATMs will soon facilitate fiat withdrawal and international remittance services using Litecoin.
- News
Bitcoin ATM firm Bitstop partnered with the largest American shopping mall operator Simon Malls to install a Bitcoin ATM at several of its locations.
- News
The number of Bitcoin ATMs that allow people to buy BTC and often other cryptocurrencies has now surpassed 6,000 worldwide.
- News
Internal Revenue Service Criminal Investigation Chief John Fort said that the regulator is looking into potential tax issues caused by Bitcoin ATMs and kiosks.
- News
Miami International Airport now hosts a Bitcoin ATM, which the operator hopes will help Latin American travelers, in particular, exchange money.
- News
by Joeri Cant
Coinme, a global leader in cryptocurrency ATMs, has announced $1.5 million in funding from Ripple’s Xpring and the Blockchain Finance Fund.
- News
by Joeri Cant
According to data from Coin ATM Radar, Venezuela has finally gotten its first Bitcoin ATM in a small town near the Colombian border.
- News
by Joeri Cant
Global peer-to-peer Bitcoin marketplace Paxful and Colombia-based blockchain company Coinlogiq, will bring 45 new crypto ATMs to Colombia and Peru.
- News
A failed attempt to increase licensing obligations for Bitcoin ATMs earlier this year has returned to the spotlight.
- Local News
by Kollen Post
From CT auf Deutsch: a highly active BaFin and a bankruptcy filing from an Austrian crypto ATM start-up lead the week’s news from the German-speaking world.
- News
In a mall located in Washington DC, two alleged thieves have been reportedly filmed by security cameras as they stole a Bitcoin ATM.
- News
by Helen Partz
LibertyX, the firm that launched America’s first Bitcoin ATM, will add 90 new machines by teaming up with DesertATM.
Editor’s Choice
- Bitcoin Starts Strongest Quarter Q2 With Price Down Just 10% YTD
- Bitmain’s Antminer E3 to Continue Mining Ether With New Update
- Tron Launches Djed, a Platform That Looks Suspiciously Like MakerDAO
- Bitfinex DeFi Offshoot Burns $20M Tokens in Bid to Drive DEX Adoption
- Bitcoin & Stocks Rise as US Economy Grinds to a Halt — Furloughs Soar