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Missouri sued CoinFlip over alleged crypto ATM scams, seeking a state ban, restitution and up to $1.826m in civil penalties.
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Minnesota crypto custody law lets banks and credit unions hold digital assets from Aug. 1, as the state crypto ATM ban also starts that day.
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Nasdaq-listed crypto ATM operator Bitcoin Depot has filed for Chapter 11 bankruptcy protection in Texas as mounting regulatory pressure and financial losses pushed the company toward an orderly shutdown. According to a Monday press release from Bitcoin Depot, the filing…
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Canada has moved to tighten oversight of cryptocurrency use by proposing a nationwide ban on crypto ATMs while advancing legislation to block digital asset donations in federal elections. According to CBC News, the federal government has outlined plans in its…
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Bitcoin Depot names Alex Holmes CEO as US states intensify action over crypto ATM scams fees and compliance failures.
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Crypto ATMs are increasingly being exploited by scammers and illicit actors, according to a new report from the U.S. Department of the Treasury submitted to Congress under the GENIUS Act. Crypto ATMs emerge as key scam tool, U.S. Treasury warns…
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Bitcoin Depot has been implementing a new requirement across its crypto ATM network in the United States, and now requires users to provide identification for every transaction. According to the official announcement, the new policy has been live since early…
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Virginia’s crypto ATM regulation bill passed both state chambers and now awaits the governor’s signature. The legislation creates statewide licensing requirements, consumer protections, and transaction limits while prohibiting operators from marketing kiosks as ATMs or using ATM-related language. Delegate Michelle…
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Bitcoin Depot Inc. is confronting legal and financial challenges after its Canadian subsidiary received an $18.47 million arbitration award.
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United States authorities have indicted Chicago-based crypto ATM operator Virtual Assets LLC and its founder, Firas Isa, with money laundering charges involving fraud and narcotics proceeds. Isa and his firm operated Crypto Dispensers, a company whose core business involved offering…
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Australia will grant its financial intelligence agency, the Australian Transaction Reports and Analysis Center, new powers to crack down on the third-largest crypto ATM market in the world. New regulations are being drafted that would grant AUSTRAC the power to…
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D.C.’s attorney general is taking aim at Athena Bitcoin, accusing the ATM operator of knowingly enabling scams that drained seniors’ savings. Nearly every deposit, investigators claim, came from fraud schemes that the company ignored while pocketing hidden fees. On September…
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Illinois Governor J.B Pritzker criticized Trump for letting “crypto bros” write federal policy as he passes two new crypto-related bills in the Democratic stronghold state. In a recent press release, Illinois Governor Pritzker has enacted two new bills that would…
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Bitcoin
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The crypto ATM operator kept the leak quiet for over a year, citing federal procedures and law enforcement investigations. According to a recent filing with the Maine Attorney General’s office, the breach was first detected on June 23, 2024, when…
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Bitcoin
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New Zealand will ban cryptocurrency ATMs and limit international cash transfers to $5,000 as part of new anti-money laundering reforms. According to Associate Justice Minister Nicole McKee, the reforms, unveiled on July 9, will “target criminals” by restricting their ability…
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Texas Representative Lance Gooden has formally asked the General Services Administration to consider installing cryptocurrency ATMs in federal buildings across the United States. Gooden cited the need to modernize public infrastructure and support a growing segment of Americans engaging with…
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