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Coinme Pays $300,000 Fine for Violating California Crypto ATM Regulations
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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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
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
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
⚠️ تقرير رسمي: ضحايا الاحتيال يتصدرون قائمة مستخدمي أجهزة الكريبتو في أستراليا
📉 في سابقة صادمة، كشفت هيئة الجرائم المالية الأسترالية (AUSTRAC) أن أكثر من 90 شخصًا من الذين يستخدمون أجهزة صرف العملات الرقمية (Crypto ATMs) بكثرة، هم ضحايا لاحتيال مالي واستثماري، وليسوا مجرمين كما كان يُعتقد!
🔍 المفاجأة الأكبر:
> "كل عملية تقريبًا قمنا بتحليلها كانت مرتبطة بضحايا وقعوا في فخ الاحتيال، وليس بمجرمين" – AUSTRAC
👵 من أبرز الحالات:
امرأة تجاوزت السبعين عامًا أودعت أكثر من 430,000 دولار أسترالي في أجهزة الكريبتو بعد تعرضها لخداع باسم الحب والاستثمار!
---
🎯 ما أهمية الخبر؟
💰 يكشف مخاطر حقيقية تواجه المستخدمين غير المتمرسين في عالم الكريبتو.
📊 يعزز الدعوة إلى التوعية والأمان الرقمي داخل المجتمع.
🔥 أثار ضجة على منصات الكريبتو، خاصة وسط النقاشات حول "من المسؤول: التقنية أم الجهل؟"
---
🗣️ سؤال للجمهور:
> هل تعتقد أن الكريبتو صار أداة احتيال في أيدي النصابين؟
أم أن الجهل وضعف التوعية هو السبب الحقيقي؟
شاركنا رأيك 👇
#CryptoNews #احتيال_إلكتروني #كريبتو #CryptoATM #BinanceArab
📉 في سابقة صادمة، كشفت هيئة الجرائم المالية الأسترالية (AUSTRAC) أن أكثر من 90 شخصًا من الذين يستخدمون أجهزة صرف العملات الرقمية (Crypto ATMs) بكثرة، هم ضحايا لاحتيال مالي واستثماري، وليسوا مجرمين كما كان يُعتقد!
🔍 المفاجأة الأكبر:
> "كل عملية تقريبًا قمنا بتحليلها كانت مرتبطة بضحايا وقعوا في فخ الاحتيال، وليس بمجرمين" – AUSTRAC
👵 من أبرز الحالات:
امرأة تجاوزت السبعين عامًا أودعت أكثر من 430,000 دولار أسترالي في أجهزة الكريبتو بعد تعرضها لخداع باسم الحب والاستثمار!
---
🎯 ما أهمية الخبر؟
💰 يكشف مخاطر حقيقية تواجه المستخدمين غير المتمرسين في عالم الكريبتو.
📊 يعزز الدعوة إلى التوعية والأمان الرقمي داخل المجتمع.
🔥 أثار ضجة على منصات الكريبتو، خاصة وسط النقاشات حول "من المسؤول: التقنية أم الجهل؟"
---
🗣️ سؤال للجمهور:
> هل تعتقد أن الكريبتو صار أداة احتيال في أيدي النصابين؟
أم أن الجهل وضعف التوعية هو السبب الحقيقي؟
شاركنا رأيك 👇
#CryptoNews #احتيال_إلكتروني #كريبتو #CryptoATM #BinanceArab
🚫 Spokane BANS crypto ATMs to fight rising scams!!
Washington’s second-biggest city just drew a hard line: crypto ATMs are no longer welcome. Spokane City Council voted unanimously to ban all cryptocurrency kiosks within city limits after a spike in scams targeting the city’s most vulnerable. According to councilmember Paul Dillon, the machines have become a key tool for fraudsters preying on unsuspecting victims - especially the elderly and low-income residents.
“You see these machines tucked into corner stores in poor neighborhoods, and the pattern is clear,” said Dillon. “They’ve become pipelines for scammers.” Police backed the move, saying crypto ATM scams are now so common they often send funds directly to places like China, Russia and North Korea. In many cases, criminals impersonate law enforcement or IRS agents, convincing people to “protect their money” by converting it to crypto at a kiosk - money that’s instantly gone.
According to the FBI, crypto ATM-related scams surged 31% in 2024 alone, with nearly 11,000 complaints and $246 million in losses. Two-thirds of those victims were over 60 years old. Operators now have 60 days to remove existing machines or face civil penalties and business license revocation. The city says it will monitor the ban’s impact and adjust if needed.
Spokane is the first city in Washington to take this step, and other jurisdictions may follow if fraud numbers continue to rise. As crypto adoption grows, expect more local governments to step in and draw clearer lines between innovation and exploitation. The era of no-rules crypto convenience is shifting fast. #BitcoinATM #ATM #CryptoATM #ScamAlert #Cryptoban
Washington’s second-biggest city just drew a hard line: crypto ATMs are no longer welcome. Spokane City Council voted unanimously to ban all cryptocurrency kiosks within city limits after a spike in scams targeting the city’s most vulnerable. According to councilmember Paul Dillon, the machines have become a key tool for fraudsters preying on unsuspecting victims - especially the elderly and low-income residents.
“You see these machines tucked into corner stores in poor neighborhoods, and the pattern is clear,” said Dillon. “They’ve become pipelines for scammers.” Police backed the move, saying crypto ATM scams are now so common they often send funds directly to places like China, Russia and North Korea. In many cases, criminals impersonate law enforcement or IRS agents, convincing people to “protect their money” by converting it to crypto at a kiosk - money that’s instantly gone.
According to the FBI, crypto ATM-related scams surged 31% in 2024 alone, with nearly 11,000 complaints and $246 million in losses. Two-thirds of those victims were over 60 years old. Operators now have 60 days to remove existing machines or face civil penalties and business license revocation. The city says it will monitor the ban’s impact and adjust if needed.
Spokane is the first city in Washington to take this step, and other jurisdictions may follow if fraud numbers continue to rise. As crypto adoption grows, expect more local governments to step in and draw clearer lines between innovation and exploitation. The era of no-rules crypto convenience is shifting fast. #BitcoinATM #ATM #CryptoATM #ScamAlert #Cryptoban
Solana, Coinbase, JPMorgan, BBVA & More Make Big Crypto Moves | Thailand Cuts Taxes | June 18 Crypto News #CryptoNews #Solana #Coinbase #JPMorgan #Ondo #BBVA #ThailandCrypto #TokenizedAssets #CryptoDaily #Web3Update #CryptoATM #CryptoRegulation
#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
🚨
BÙNG NỔ CRYPTO TẠI ÚC: HƠN 400 MÁY ATM TIỀN ĐIỆN TỬ MỚI TRONG 2025!
🚀
Úc đang "chơi lớn" khi bổ sung hơn 400 máy ATM tiền điện tử từ đầu năm 2025, đưa tổng số máy lên 1.821 (theo Coin ATM Radar)!
🇦🇺
Giữ vững top 3 thế giới sau Mỹ và Canada, Úc đang biến Sydney, Melbourne, Brisbane, Perth thành trung tâm giao dịch crypto sôi động!
💸💡
TIN HOT CẦN BIẾT:
1️⃣
Tăng trưởng khủng: Từ 1.385 máy đầu năm, Úc đã lắp thêm hơn 400 máy chỉ trong 5 tháng!
2️⃣
Tiện lợi đỉnh cao: Dùng tiền mặt mua Bitcoin, Tether, Ethereum hoặc rút tiền từ ví crypto. Gần 150.000 giao dịch/năm, tổng giá trị 275 triệu AUD (180 triệu USD)!
3️⃣
Cảnh giác lừa đảo:
AUSTRAC siết chặt: Giới hạn giao dịch 5.000 AUD (~3.250 USD), yêu cầu KYC để chống rửa tiền.
Người dùng mất 3,1 triệu AUD (~2 triệu USD) vì lừa đảo qua ATM, đặc biệt nhắm vào người trên 50 tuổi.
😱
4️⃣
Tương lai rực sáng: Bitcoin Depot dự đoán Úc sẽ có thêm hàng nghìn máy ATM trong vài năm tới!
🔍
Ý nghĩa lớn: Với 31,6% người Úc sở hữu crypto/NFT, ATM tiền điện tử đang đáp ứng cơn sốt giao dịch. Nhưng hãy cẩn thận: tránh tin nhắn/cuộc gọi yêu cầu chuyển tiền qua ATM – 99% là lừa đảo!
⚠️📢
Lời khuyên: Luôn kiểm tra kỹ, bật 2FA cho ví, và chỉ dùng ATM uy tín. Bạn đã thử giao dịch qua ATM crypto chưa? Nghĩ sao về làn sóng này ở Úc?
💬
#CryptoATM #Bitcoin
BÙNG NỔ CRYPTO TẠI ÚC: HƠN 400 MÁY ATM TIỀN ĐIỆN TỬ MỚI TRONG 2025!
🚀
Úc đang "chơi lớn" khi bổ sung hơn 400 máy ATM tiền điện tử từ đầu năm 2025, đưa tổng số máy lên 1.821 (theo Coin ATM Radar)!
🇦🇺
Giữ vững top 3 thế giới sau Mỹ và Canada, Úc đang biến Sydney, Melbourne, Brisbane, Perth thành trung tâm giao dịch crypto sôi động!
💸💡
TIN HOT CẦN BIẾT:
1️⃣
Tăng trưởng khủng: Từ 1.385 máy đầu năm, Úc đã lắp thêm hơn 400 máy chỉ trong 5 tháng!
2️⃣
Tiện lợi đỉnh cao: Dùng tiền mặt mua Bitcoin, Tether, Ethereum hoặc rút tiền từ ví crypto. Gần 150.000 giao dịch/năm, tổng giá trị 275 triệu AUD (180 triệu USD)!
3️⃣
Cảnh giác lừa đảo:
AUSTRAC siết chặt: Giới hạn giao dịch 5.000 AUD (~3.250 USD), yêu cầu KYC để chống rửa tiền.
Người dùng mất 3,1 triệu AUD (~2 triệu USD) vì lừa đảo qua ATM, đặc biệt nhắm vào người trên 50 tuổi.
😱
4️⃣
Tương lai rực sáng: Bitcoin Depot dự đoán Úc sẽ có thêm hàng nghìn máy ATM trong vài năm tới!
🔍
Ý nghĩa lớn: Với 31,6% người Úc sở hữu crypto/NFT, ATM tiền điện tử đang đáp ứng cơn sốt giao dịch. Nhưng hãy cẩn thận: tránh tin nhắn/cuộc gọi yêu cầu chuyển tiền qua ATM – 99% là lừa đảo!
⚠️📢
Lời khuyên: Luôn kiểm tra kỹ, bật 2FA cho ví, và chỉ dùng ATM uy tín. Bạn đã thử giao dịch qua ATM crypto chưa? Nghĩ sao về làn sóng này ở Úc?
💬
#CryptoATM #Bitcoin
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
Mỹ Đề Xuất Luật Mới Kiểm Soát ATM Crypto: Chặn Đứng Nạn Lừa Đảo?
Crypto ATM – Từ Tiện Ích Thành Công Cụ Lừa Đảo?
📉 #CryptoATM từng được coi là một cách thuận tiện để người dùng mua bán tiền điện tử. Tuy nhiên, hiện nay, chúng lại trở thành công cụ cho các vụ lừa đảo quy mô lớn, đặc biệt nhắm vào người cao tuổi.
📌 Tổng thiệt hại từ các vụ lừa đảo liên quan đến Crypto ATM tại Mỹ đã tăng gấp 10 lần kể từ năm 2020, đạt hơn 110 triệu USD chỉ trong năm 2023 (theo Ủy ban Thương mại Liên bang Mỹ - FTC).
⛔ Trước tình trạng này, Thượng nghị sĩ Illinois, Dick Durbin, đã đề xuất Đạo luật Ngăn Chặn Lừa Đảo ATM Crypto (Crypto ATM Fraud Prevention Act), nhằm tăng cường kiểm soát và bảo vệ người tiêu dùng.
Nội dung chính của dự luật
📜 Dự luật được công bố vào thứ Ba, đề xuất nhiều biện pháp nhằm siết chặt hoạt động của các máy ATM tiền điện tử:
🔹 Giới hạn giao dịch cho người dùng mới:
Người mới sẽ không được giao dịch quá 2.000 USD/ngày hoặc 10.000 USD trong 14 ngày.
🔹 Báo động gian lận & hoàn tiền:
Các công ty vận hành ATM sẽ phải hoàn tiền đầy đủ cho những nạn nhân báo cáo lừa đảo trong vòng 30 ngày.
🔹 Xác minh giao dịch lớn:
Nếu người dùng thực hiện giao dịch trên 500 USD, họ sẽ được liên hệ trực tiếp để đảm bảo không bị kẻ gian lợi dụng.
👨⚖️ Durbin nhấn mạnh rằng các biện pháp này là cần thiết để bảo vệ người dân, đặc biệt là người cao tuổi, khỏi mất tiền oan vì các vụ lừa đảo ngày càng tinh vi.
Nạn nhân mất hàng chục nghìn USD vì Crypto ATM
💸 Durbin đã kể lại trường hợp của một người đàn ông ở #NewLenox , bị lừa 15.000 USD sau khi nhận được cuộc gọi từ một kẻ giả danh cảnh sát.
📞 Kẻ lừa đảo nói rằng nạn nhân đã bỏ lỡ nghĩa vụ bồi thẩm đoàn và có thể bị bắt, trừ khi nộp phạt qua Bitcoin ATM.
⚠️ Vì Bitcoin giao dịch ẩn danh, nạn nhân không thể lấy lại số tiền đã mất.
🛑 “Đây chỉ là một trong rất nhiều vụ lừa đảo ATM crypto đáng báo động,” Durbin cảnh báo.
Crypto ATM Bùng Nổ - Cơ Hội Cho Kẻ Gian?
📊 Theo Coin ATM Radar, số lượng máy ATM tiền điện tử tại Mỹ đã lên tới 29.642 máy, trong khi một số quốc gia khác đã cấm hoàn toàn dịch vụ này.
⚡ Sự phổ biến của Bitcoin và sự quan tâm của các tổ chức tài chính lớn đã kéo theo làn sóng lừa đảo gia tăng.
🔎 FTC cho biết:
Người trên 60 tuổi có nguy cơ bị lừa qua ATM crypto cao gấp 3 lần so với giới trẻ.Hầu hết các vụ lừa đảo đều có kịch bản giống nhau: Giả danh chính quyền hoặc ngân hàng, tạo áp lực khiến nạn nhân phải chuyển tiền gấp qua Crypto ATM.Liệu Dự Luật Mới Có Hiệu Quả?
📌 Nếu được thông qua, luật này có thể tăng cường kiểm soát các máy ATM tiền điện tử và giảm thiểu tổn thất cho người dùng.
🤔 Tuy nhiên, câu hỏi đặt ra là: Các công ty ATM crypto có sẵn sàng tuân thủ, hay họ sẽ tìm cách lách luật?
📢 Bạn nghĩ gì về dự luật này? Nó có thực sự giúp bảo vệ người dùng crypto, hay chỉ là một bước siết chặt hơn ngành công nghiệp này? 🚀 #anhbacong
📉 #CryptoATM từng được coi là một cách thuận tiện để người dùng mua bán tiền điện tử. Tuy nhiên, hiện nay, chúng lại trở thành công cụ cho các vụ lừa đảo quy mô lớn, đặc biệt nhắm vào người cao tuổi.
📌 Tổng thiệt hại từ các vụ lừa đảo liên quan đến Crypto ATM tại Mỹ đã tăng gấp 10 lần kể từ năm 2020, đạt hơn 110 triệu USD chỉ trong năm 2023 (theo Ủy ban Thương mại Liên bang Mỹ - FTC).
⛔ Trước tình trạng này, Thượng nghị sĩ Illinois, Dick Durbin, đã đề xuất Đạo luật Ngăn Chặn Lừa Đảo ATM Crypto (Crypto ATM Fraud Prevention Act), nhằm tăng cường kiểm soát và bảo vệ người tiêu dùng.
Nội dung chính của dự luật
📜 Dự luật được công bố vào thứ Ba, đề xuất nhiều biện pháp nhằm siết chặt hoạt động của các máy ATM tiền điện tử:
🔹 Giới hạn giao dịch cho người dùng mới:
Người mới sẽ không được giao dịch quá 2.000 USD/ngày hoặc 10.000 USD trong 14 ngày.
🔹 Báo động gian lận & hoàn tiền:
Các công ty vận hành ATM sẽ phải hoàn tiền đầy đủ cho những nạn nhân báo cáo lừa đảo trong vòng 30 ngày.
🔹 Xác minh giao dịch lớn:
Nếu người dùng thực hiện giao dịch trên 500 USD, họ sẽ được liên hệ trực tiếp để đảm bảo không bị kẻ gian lợi dụng.
👨⚖️ Durbin nhấn mạnh rằng các biện pháp này là cần thiết để bảo vệ người dân, đặc biệt là người cao tuổi, khỏi mất tiền oan vì các vụ lừa đảo ngày càng tinh vi.
Nạn nhân mất hàng chục nghìn USD vì Crypto ATM
💸 Durbin đã kể lại trường hợp của một người đàn ông ở #NewLenox , bị lừa 15.000 USD sau khi nhận được cuộc gọi từ một kẻ giả danh cảnh sát.
📞 Kẻ lừa đảo nói rằng nạn nhân đã bỏ lỡ nghĩa vụ bồi thẩm đoàn và có thể bị bắt, trừ khi nộp phạt qua Bitcoin ATM.
⚠️ Vì Bitcoin giao dịch ẩn danh, nạn nhân không thể lấy lại số tiền đã mất.
🛑 “Đây chỉ là một trong rất nhiều vụ lừa đảo ATM crypto đáng báo động,” Durbin cảnh báo.
Crypto ATM Bùng Nổ - Cơ Hội Cho Kẻ Gian?
📊 Theo Coin ATM Radar, số lượng máy ATM tiền điện tử tại Mỹ đã lên tới 29.642 máy, trong khi một số quốc gia khác đã cấm hoàn toàn dịch vụ này.
⚡ Sự phổ biến của Bitcoin và sự quan tâm của các tổ chức tài chính lớn đã kéo theo làn sóng lừa đảo gia tăng.
🔎 FTC cho biết:
Người trên 60 tuổi có nguy cơ bị lừa qua ATM crypto cao gấp 3 lần so với giới trẻ.Hầu hết các vụ lừa đảo đều có kịch bản giống nhau: Giả danh chính quyền hoặc ngân hàng, tạo áp lực khiến nạn nhân phải chuyển tiền gấp qua Crypto ATM.Liệu Dự Luật Mới Có Hiệu Quả?
📌 Nếu được thông qua, luật này có thể tăng cường kiểm soát các máy ATM tiền điện tử và giảm thiểu tổn thất cho người dùng.
🤔 Tuy nhiên, câu hỏi đặt ra là: Các công ty ATM crypto có sẵn sàng tuân thủ, hay họ sẽ tìm cách lách luật?
📢 Bạn nghĩ gì về dự luật này? Nó có thực sự giúp bảo vệ người dùng crypto, hay chỉ là một bước siết chặt hơn ngành công nghiệp này? 🚀 #anhbacong
#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?
Crypto ATMs Under Fire! New Rules Aim to Stop Scams
Australia is cracking down on crypto ATMs amid a surge in scam reports! 🚨 The national financial intelligence agency, AUSTRAC, is enforcing stricter rules, including a $5,000 AUD limit on cash deposits/withdrawals. They're also pushing for better transaction monitoring and scam warning signs.
Why? Apparently, many users are over 50, and sadly, a lot are falling victim to scams. 💔 Federal police say reported losses from these scams have already topped $3.1 million AUD this year alone!🤯
AUSTRAC is working with law enforcement to adjust these rules if needed. It's all about protecting people and businesses from crypto-related crime. 🤔 What do you think of this?
Follow for more insights!
#CryptoATM #Australia #Scams #Regulation #Bitcoin
Why? Apparently, many users are over 50, and sadly, a lot are falling victim to scams. 💔 Federal police say reported losses from these scams have already topped $3.1 million AUD this year alone!🤯
AUSTRAC is working with law enforcement to adjust these rules if needed. It's all about protecting people and businesses from crypto-related crime. 🤔 What do you think of this?
Follow for more insights!
#CryptoATM #Australia #Scams #Regulation #Bitcoin
📍 Bitcoin ATMs in Romania’s Post Offices? It's happening.
Romania just installed its first Bitcoin ATM inside a national postal branch in Tulcea — a bold move blending traditional infrastructure with modern digital finance. 🇷🇴🟠
✨️Why it matters:
✅ Installed by Poșta Română in partnership with Bitcoin Romania (BTR)
✅ New locations coming soon: Alexandria, Piatra Neamț, Botoșani and Nădlac
✅ Reflects the growing public acceptance of crypto by institutions and governments
✅ Strategic move to bring digital finance access to underserved areas
🧠 Zoom out:
This isn’t just about Romania. Bitcoin ATMs in government facilities = mass adoption signals.
But here’s the kicker — less than 4% of the global population currently owns Bitcoin.
📊 BTC adoption is up:
Nearly 30M wallets with over $100 in BTC
25% YoY wallet growth
But we’re still under 1% of total global wealth (~$2T vs. $225T TAM)
🔐 Bitcoin's upside isn’t priced in yet. Mass infrastructure + institutional adoption = early innings.
📣 What do you think:
Will Bitcoin ATMs in national institutions become the new normal?
#BitcoinAdoption #CryptoATM #BTC #PostOfficeCrypto #Write2Earn
Romania just installed its first Bitcoin ATM inside a national postal branch in Tulcea — a bold move blending traditional infrastructure with modern digital finance. 🇷🇴🟠
✨️Why it matters:
✅ Installed by Poșta Română in partnership with Bitcoin Romania (BTR)
✅ New locations coming soon: Alexandria, Piatra Neamț, Botoșani and Nădlac
✅ Reflects the growing public acceptance of crypto by institutions and governments
✅ Strategic move to bring digital finance access to underserved areas
🧠 Zoom out:
This isn’t just about Romania. Bitcoin ATMs in government facilities = mass adoption signals.
But here’s the kicker — less than 4% of the global population currently owns Bitcoin.
📊 BTC adoption is up:
Nearly 30M wallets with over $100 in BTC
25% YoY wallet growth
But we’re still under 1% of total global wealth (~$2T vs. $225T TAM)
🔐 Bitcoin's upside isn’t priced in yet. Mass infrastructure + institutional adoption = early innings.
📣 What do you think:
Will Bitcoin ATMs in national institutions become the new normal?
#BitcoinAdoption #CryptoATM #BTC #PostOfficeCrypto #Write2Earn
June 3 – Crypto gets real: Ripple stablecoin approved in Dubai, UK and Russia push regulated tokens, and Ethereum shifts gears for a scaled-up future.
#CryptoNews #Ripple #RLUSD #Ethereum #Sberbank #Stablecoins #tGBP #XRPledger #CryptoATM #Web3
#CryptoNews #Ripple #RLUSD #Ethereum #Sberbank #Stablecoins #tGBP #XRPledger #CryptoATM #Web3
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
Australia Imposes $3,250 Limit on Crypto ATM Transactions Amid Fraud Crackdown
Australia is tightening its grip on crypto-related financial crime. AUSTRAC, the country's financial intelligence agency, has introduced a new limit of AUD 3,250 (approx. USD 2,160) for all cash deposits and withdrawals made via cryptocurrency ATMs.
The move is part of a broader effort to protect consumers and curb fraudulent activity, particularly the abuse of crypto kiosks by scammers.
Fighting Fraud and Money Laundering via Crypto ATMs
According to AUSTRAC CEO Brendan Thomas, crypto ATMs have increasingly become tools for scammers to launder money and deceive victims. In response, AUSTRAC not only imposed a transaction cap, but also revoked the license of a provider who failed to report transaction volumes and violated anti-money laundering (AML) regulations.
The agency is also introducing stricter compliance rules, including:
🔹 Enhanced identity verification (KYC)
🔹 Mandatory on-screen scam warnings
🔹 Advanced transaction monitoring systems
Crypto ATM Explosion in Australia Raises Red Flags
Australia has seen a rapid expansion of crypto ATMs—from just 23 in 2019 to over 1,800 machines in 2024, making it the third-largest market for crypto kiosks after the US and Canada.
But this boom comes with a dark side: many transactions are linked to criminal activity, including romance scams, fake investment schemes, and remote access fraud. Older Australians are especially at risk—people over 50 account for 72% of transaction value, while those aged 60–70 make up nearly 30%.
AUSTRAC warns:
“If someone tells you to use a crypto ATM to make a payment, consider it a red flag for fraud.”
AUSTRAC Launches Oversight Taskforce
To strengthen oversight, AUSTRAC has established a taskforce to audit crypto ATM providers. Since late 2024, the team has conducted dozens of site visits, compliance reviews, and awareness sessions with registered businesses.
Providers who fail to meet the updated requirements—including proper KYC controls, transaction monitoring, and suspicious activity reporting—risk deregistration and enforcement actions. One operator has already been permanently banned for noncompliance.
Australia Leads in Regulating Crypto ATMs
AUSTRAC made it clear: the goal isn't to restrict access to modern financial tools, but to ensure these services are safe, transparent, and not exploited by criminals. The agency hopes the new measures will boost public trust in crypto infrastructure.
With this move, Australia becomes one of the most proactive nations in regulating crypto ATMs, and its approach could serve as a model for other countries. Regulators in the US, UK, and EU have also flagged crypto kiosks as potential hotspots for fraud and money laundering.
#Regulation , #CryptoATM , #CryptoNewss , #AustraliaCrypto , #CryptoCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
The move is part of a broader effort to protect consumers and curb fraudulent activity, particularly the abuse of crypto kiosks by scammers.
Fighting Fraud and Money Laundering via Crypto ATMs
According to AUSTRAC CEO Brendan Thomas, crypto ATMs have increasingly become tools for scammers to launder money and deceive victims. In response, AUSTRAC not only imposed a transaction cap, but also revoked the license of a provider who failed to report transaction volumes and violated anti-money laundering (AML) regulations.
The agency is also introducing stricter compliance rules, including:
🔹 Enhanced identity verification (KYC)
🔹 Mandatory on-screen scam warnings
🔹 Advanced transaction monitoring systems
Crypto ATM Explosion in Australia Raises Red Flags
Australia has seen a rapid expansion of crypto ATMs—from just 23 in 2019 to over 1,800 machines in 2024, making it the third-largest market for crypto kiosks after the US and Canada.
But this boom comes with a dark side: many transactions are linked to criminal activity, including romance scams, fake investment schemes, and remote access fraud. Older Australians are especially at risk—people over 50 account for 72% of transaction value, while those aged 60–70 make up nearly 30%.
AUSTRAC warns:
“If someone tells you to use a crypto ATM to make a payment, consider it a red flag for fraud.”
AUSTRAC Launches Oversight Taskforce
To strengthen oversight, AUSTRAC has established a taskforce to audit crypto ATM providers. Since late 2024, the team has conducted dozens of site visits, compliance reviews, and awareness sessions with registered businesses.
Providers who fail to meet the updated requirements—including proper KYC controls, transaction monitoring, and suspicious activity reporting—risk deregistration and enforcement actions. One operator has already been permanently banned for noncompliance.
Australia Leads in Regulating Crypto ATMs
AUSTRAC made it clear: the goal isn't to restrict access to modern financial tools, but to ensure these services are safe, transparent, and not exploited by criminals. The agency hopes the new measures will boost public trust in crypto infrastructure.
With this move, Australia becomes one of the most proactive nations in regulating crypto ATMs, and its approach could serve as a model for other countries. Regulators in the US, UK, and EU have also flagged crypto kiosks as potential hotspots for fraud and money laundering.
#Regulation , #CryptoATM , #CryptoNewss , #AustraliaCrypto , #CryptoCommunity
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
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