bitcoinatm

The major player in the cryptocurrency terminal market has officially announced its intention to sell its business. This radical decision was made by the company's management amid a serious criminal investigation opened against its CEO.
Legal pressure on the top management has effectively paralyzed the strategic management of the network. The accusations, the details of which remain the focus of the investigation, hinder the further development of the company under the current leadership. The sale of assets is viewed as a forced step to preserve infrastructure and minimize losses for stakeholders.

Bitstop Partnership Expands Physical Crypto Access for Mainstream Users
Major U.S. retailer Royal Farms has fully integrated Bitstop’s multi-asset crypto ATMs across all 310 store locations, marking one of the largest retail crypto infrastructure rollouts in the country. This expansion reflects rising demand for convenient, physical access points to digital assets—bridging everyday consumers with the crypto economy.
🏪 Royal Farms x Bitstop: Bringing Crypto to Your Corner Store
Bitstop confirmed on Nov. 13 that its ATMs are now live in every Royal Farms store, with more kiosks to be installed as new locations open. The partnership grants Bitstop exclusive rights as the retailer’s digital asset ATM provider.
Doug Carrillo, Bitstop co-founder and Chief Strategy Officer, highlighted the mission:
“This collaboration is about access. By placing Bitstop ATMs in every Royal Farms location, we’re giving customers trusted access to invest in the digital economy—right where they shop, fuel up, and eat.”
Royal Farms’ procurement director Frank Schilling echoed the push toward innovation:
💳 Multi-Asset Support Beyond Bitcoin
Bitstop now offers one of the widest crypto selections among ATM operators, including:
BTCETHDOGEXRPUSDC…and more to come
This expansion empowers users to buy or sell crypto instantly across Royal Farms’ vast footprint.
📍 Where the ATMs Are Located
Royal Farms operates 310 stores across seven states:
Maryland – 179Delaware – 37Virginia – 38Pennsylvania – 25New Jersey – 14North Carolina – 15West Virginia – 2
🔍 Why This Matters for Crypto Adoption
The rise of public crypto ATMs is accelerating mainstream participation. By embedding digital asset access directly into familiar retail environments, Bitstop and Royal Farms are helping transform crypto from niche to everyday utility.
📣 What do you think — Are retail crypto ATMs crucial for mass adoption?
#CryptoNews #BitcoinATM #RoyalFarms #Bitstop #ETH #XRP #DOGE #USDC# #USDC #Blockchain #Adoption

In the US, regulations for Bitcoin ATM operators are being tightened due to an increase in fraud and money laundering. According to Axios on June 24, 2025, several states have enacted strict laws limiting deposit amounts and enhancing oversight of cryptocurrency ATMs. This is a response to the use of such devices by fraudsters for extortion and illegal transactions.

Coinme, a crypto ATM operator based in Seattle, has agreed to pay a $300,000 fine for violating California's rules governing daily transaction limits for crypto kiosks.
A law passed in 2023 in California limits crypto ATM transactions to a maximum of $1,000 per customer per day. According to the California Department of Financial Protection and Innovation (DFPI), Coinme exceeded this limit and also failed to include mandatory information on receipts issued to customers at its kiosks located in grocery stores and convenience shops across the state.
This marks the first enforcement action under the state’s new Digital Financial Assets Law.
In addition to the fine, Coinme will also pay $51,700 in restitution to a senior citizen from California who claimed to have been defrauded. DFPI officials stated this case sends a strong message to crypto kiosk operators that the state is serious about enforcing rules designed to protect unsuspecting residents from scams.

Growing Concern Over Crypto ATM Scams
Authorities have raised concerns over the rising number of scams involving crypto ATMs, where victims are tricked into depositing funds into kiosks and transferring them directly to scammer-controlled wallets. The 2023 Digital Financial Assets Law was designed to tackle such risks by introducing regulations for kiosk operators.
According to FBI data, nearly 11,000 complaints involving crypto ATMs were filed in 2024, with reported losses exceeding $246 million—an increase of 31% from the previous year. Seniors aged 60 and older were among the most frequently targeted victims.

Bans and Raids in Other Regions
While California is tightening regulations, Spokane, the second-largest city in Washington, has gone a step further by banning crypto ATMs altogether. The move aims to shield citizens from scams and money laundering. Local law enforcement reports that funds from these kiosks have been traced to destinations like China, North Korea, and Russia.
Meanwhile, in Australia, federal police launched a crackdown on illegal use of crypto ATMs, contacting over 90 individuals—including both scam victims and suspected offenders.

In a dramatic case in Texas, a county sheriff personally intervened and brought a power-cutting tool to a crypto kiosk after a family reportedly lost $25,000 to fraud.

#Cryptoscam , #CryptoATM , #DigitalAssets , #BitcoinATM , #CryptoNewss

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