CryptoATM
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#GasFeeImpact #ActiveUserImpact plays a vital role in the success of any blockchain or crypto project! More engaged users mean higher transaction volumes, stronger network security, and increased adoption. 📈 A growing user base often signals a healthy ecosystem, attracting investors and developers alike. Whether it's DeFi, NFTs, or gaming, active participation drives innovation and value. Stay engaged, contribute, and be part of the movement shaping the future of digital assets! 🔥💡 #BlockchainGrowth #CryptoATM doption #UserEngagement gagement #Web3 eb3 #DigitalEconomy
Governor JB Pritzker is set to propose new measures targeting crypto ATMs to curb their ties to illicit activities. With global regulators raising alarms over their unregulated and anonymous nature, crypto ATMs have facilitated millions in illegal transactions since 2019. Stay tuned for updates on this crackdown.
#CryptoATM #Regulation #CryptoNewss
#CryptoATM #Regulation #CryptoNewss
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US Proposes New Law to Regulate Crypto ATMs: Stopping Scams?
Crypto ATM – From Convenience to Scam Tool?
📉 #CryptoATM was once considered a convenient way for users to buy and sell cryptocurrency. However, nowadays, they have become tools for large-scale scams, especially targeting the elderly.
📌 Total losses from scams related to Crypto ATMs in the US have increased tenfold since 2020, exceeding 110 million USD in 2023 alone (according to the Federal Trade Commission - FTC).
📉 #CryptoATM was once considered a convenient way for users to buy and sell cryptocurrency. However, nowadays, they have become tools for large-scale scams, especially targeting the elderly.
📌 Total losses from scams related to Crypto ATMs in the US have increased tenfold since 2020, exceeding 110 million USD in 2023 alone (according to the Federal Trade Commission - FTC).
#CryptoATM
UK’s First Unregistered Crypto ATM Conviction: Olumide Osunkoya received a four-year prison sentence for operating unregistered cryptocurrency ATMs in the UK, processing over £2.5 million. This marks the UK’s first conviction for unregistered crypto asset activities.
Will we see cryptocurrency ATMs run by institutions and governments in near future? Your thoughts?
UK’s First Unregistered Crypto ATM Conviction: Olumide Osunkoya received a four-year prison sentence for operating unregistered cryptocurrency ATMs in the UK, processing over £2.5 million. This marks the UK’s first conviction for unregistered crypto asset activities.
Will we see cryptocurrency ATMs run by institutions and governments in near future? Your thoughts?
THE FUTURE??
Crypto ATMs are becoming an increasingly popular gateway for buying and selling digital assets. As of now, the global network of crypto ATMs surpasses 40,000 machines, providing access to cryptocurrencies like Bitcoin and Ethereum. These ATMs allow users to buy crypto using cash or cards, and many also support crypto-to-cash withdrawals. Recently, there has been a focus on enhancing user experience and security in these machines, as well as expanding into underbanked regions.
Notably, a new initiative called Neura Blockchain by Ankr has been unveiled, focusing on supporting AI and blockchain startups, showcasing the integration of Web3 into traditional finance infrastructure.
#CryptoNews #Bitco #Bitco #BlockchainSecrets #CryptoATM #CryptoUpdate#CryptoTrading #DigitalAssets#Web3 #CryptoTechnology #DeFi #AnkrBlockchain #AIandBlockchain #CryptoAdoption #FinanceInnovation #CryptoForEveryone #FinTech #CryptoMarket #CryptoFuture #CryptoCommunity #BitcoinCash
Crypto ATMs are becoming an increasingly popular gateway for buying and selling digital assets. As of now, the global network of crypto ATMs surpasses 40,000 machines, providing access to cryptocurrencies like Bitcoin and Ethereum. These ATMs allow users to buy crypto using cash or cards, and many also support crypto-to-cash withdrawals. Recently, there has been a focus on enhancing user experience and security in these machines, as well as expanding into underbanked regions.
Notably, a new initiative called Neura Blockchain by Ankr has been unveiled, focusing on supporting AI and blockchain startups, showcasing the integration of Web3 into traditional finance infrastructure.
#CryptoNews #Bitco #Bitco #BlockchainSecrets #CryptoATM #CryptoUpdate#CryptoTrading #DigitalAssets#Web3 #CryptoTechnology #DeFi #AnkrBlockchain #AIandBlockchain #CryptoAdoption #FinanceInnovation #CryptoForEveryone #FinTech #CryptoMarket #CryptoFuture #CryptoCommunity #BitcoinCash
A UK court has sentenced Olumide Osunkoya, a 46-year-old man, to four years in prison for operating an illegal crypto ATM network. Osunkoya pleaded guilty to five offenses, including operating crypto ATMs without registration, forgery, using false identity documents, and possessing criminal property.
The Financial Conduct Authority (FCA) accused Osunkoya of running his crypto ATM business, GidiPlus, despite being refused registration in December 2021. He continued to operate the business, charging markup fees of 30% to 60% on transactions, and even used fake bank statements to pass wealth checks.
The FCA warned that Osunkoya's actions were not just a regulatory breach, but a deliberate and calculated defiance of the law. The court's decision marks the first prosecution for unregistered crypto activity in the UK.
The FCA has been cracking down on illegal crypto ATMs, and this sentencing serves as a warning to others who may be engaging in similar activities.#CryptoATM #FCA
The Financial Conduct Authority (FCA) accused Osunkoya of running his crypto ATM business, GidiPlus, despite being refused registration in December 2021. He continued to operate the business, charging markup fees of 30% to 60% on transactions, and even used fake bank statements to pass wealth checks.
The FCA warned that Osunkoya's actions were not just a regulatory breach, but a deliberate and calculated defiance of the law. The court's decision marks the first prosecution for unregistered crypto activity in the UK.
The FCA has been cracking down on illegal crypto ATMs, and this sentencing serves as a warning to others who may be engaging in similar activities.#CryptoATM #FCA
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