Arizona lawmakers push bill to curb Bitcoin ATM fraud
A new Arizona bill aims to protect residents from Bitcoin ATM scams following a series of incidents, including one where a woman lost $17,000 to fraudsters. House Bill 2387, introduced by state representative David Marshall, proposes strict regulations on cryptocurrency ATM operations. The legislation comes after Tamara, a Social Security recipient from Peoria, fell victim […]
US crypto ATM operator Bitcoin Depot adds $5m in BTC to treasury
United States-based cryptocurrency ATM operator Bitcoin Depot has expanded its Bitcoin holdings, reinforcing its commitment to the leading digital asset. According to a Feb. 3 announcement, the publicly traded firm acquired an additional $5 million worth of Bitcoin, bringing its total treasury holdings to 71.5 BTC, valued at over $7 million based on prices at […]
Poland overtakes El Salvador in global Bitcoin ATM count
Poland surpasses El Salvador to become the fifth-largest Bitcoin ATM hub globally, recording 219 active machines amid a four-month installation spree. Source link
North Dakota mulls bill to safeguard consumers from crypto ATM scams
North Dakota regulators are debating a bill that introduces consumer protections to combat scams involving cryptocurrency ATMs. During a Jan. 22 hearing, lawmakers in North Dakota discussed House Bill 1447, introduced to the state’s legislative assembly earlier this month, which seeks to cap daily withdrawals, regulate transaction fees, and mandate fraud warning notices on crypto […]
North Dakota bill seeks to cap crypto ATM transactions to tackle fraud
North Dakota’s lawmakers have introduced a bill aimed to combat crypto ATM transactions after 103 state residents reported $6.5 million in losses to crypto scams in 2023. Source link
Monthly Bitcoin ATM additions in Australia hit 29-month streak
Australia has a total of 1,359 Bitcoin ATMs, which is about 3.5% of all crypto ATMs in the world. Source link
US Bitcoin ATM operator reports data breach of 58K customers
Byte Federal, operator of 1,300 Bitcoin ATMs in the US, urged its customers to reset login credentials following a massive data breach. Source link
Australia to crack down on crypto ATM providers, citing money laundering risk
Australia has the third largest number of crypto ATMs in the world and regulators are worried they could be facilitating financial crime. Source link
