Search Results for: crypto ATM

crypto ATM

FTC issued a public alert regarding a new crypto ATM scam

The Federal Trade Commission of the United States has issued an alert about a new variant of cryptocurrency fraud. An impostor, a QR code, and a crypto ATM where victims will be directed to send money are the three main components of the hoax. Fraudsters pose as governmental authorities, law enforcement agents, or employees of […]

German financial regulator takes action against first bitcoin atms

German Financial Watchdog Takes Action Against Company Allowing Buy/Sell Crypto at Bitcoin ATMs

The head of the financial regulatory department in Germany is stopping all the services & operations of a company named ‘KKT UG’ from Berlin that allows consumers to buy and sell cryptocurrencies at Bitcoin ATMs. Lack of Necessary Permissions Lead to this Stopping According to a statement released on 4th March, BaFin ordered Mr. Adam […]

Cryptocurrency ATMs

Cryptocurrency ATMs will now require a license in this US state

Cryptocurrency ATMs in Nevada will now require a license from the Nevada Financial Institutions Division (NFID). This decision follows as State legislators failed to approve Senate bill No. 195 that proposed the licensing of crypto ATMs businesses…

unocoin final

India’s First Cryptocurrency ATM seized, Co-Founder arrested

Just a week after the installation of India’s first ever cryptocurrency ATM by Unocoin, RBI put it into a dire situation. Last Sunday, The Cyber Crime Police in Bengaluru seized the ATM and arrested company’s Co-Founder, Harish BN for circumventing RBI regulations against curbing cryptocurrency related activities in India. 

California named as the “most crypto-ready” state in the US

California named as the “most crypto-ready” state in the US

According to new industry research from the review site Crypto Head. California has emerged as the most crypto-ready jurisdiction in the United States. Thanks to the proliferation of cryptocurrency ATMs and growing interest in digital assets among the state’s population. California won the crypto-ready index with a score of 5.72 out of ten, beating out […]

crypto, crypto exchanges

South Korean crypto exchanges bracing for a legal battle amid threats of closure

If they fail to meet a regulatory deadline in September and are forced to close. South Korean crypto exchanges are preparing to sue the government or challenge it in the constitutional court. New crypto exchange regulations, which have already been enacted into law, will take effect on September 24. However, none of the country’s 60 […]

bitcoin ATM

Bitcoin ATMs rose by 87% to exceed 10,000 globally

Worldwide, the total number of Bitcoin ATMs has now passed 10,000. According to Norwegian financial services company AksjeBloggen, the number of Bitcoin ATMs (BTMs) has jumped from the 5336 recorded in September 2019 to 87% in the past year. There were almost 3,900 new ATMs added in 2020 alone. CoinATMRadar’s monitoring resource currently shows there are […]

Indian crypto exchanges resume fiat services 24hrs after SC ruling

Indian Crypto Exchanges Resume Fiat Services 24Hrs After SC Ruling

Major Indian crypto exchanges Unocoing and WazirX have resumed fiat deposits less than a day after the Supreme Court quashed restrictions on banks’ services to crypto firms in the country. Unocoin, which claims to have been the first entrant into the Bitcoin space in India since its founding in 2013, has been described by local […]

Litecoin partners with MeconCash

13K ATMs in South Korea to Support Litecoin Withdrawal & Remittances

On Feb 28, the Litecoin Foundation announced a partnership with MeconCash to roll-out Litecoin to Korean Won (KRW) withdrawals and remittances from 13K ATMs in South Korea. The partnership will see LTC integrated onto MeconCash’s M.Pay payments platform. Litecoin will also be accepted as payment on MecoinCash’s retail platform MeconMall, and to pay for games […]