Crypto ATMs
Australia's AUSTRAC Fines Cryptolink as Part of Crypto ATM Crackdown
AUSTRAC has fined Cryptolink 56,340 Australian dollars ($37,000) after identifying "weaknesses" in the company's AML/CTF compliance.
Australia's Government Proposes New Powers for AUSTRAC to Restrict Crypto ATMs
AUSTRAC said that the majority of high-value crypto ATM transactions were directly associated with scams or moving money to high-risk jurisdictions.
Two Arrested in UK on Suspicion of Running Illegal Crypto Exchange
Seven crypto ATMs were also found and seized by the FCA.
New Zealand Wants to Ban Crypto ATMs in Anti-Money Laundering Overhaul
The government also proposed setting an upper limit of 5,000 New Zealand dollars ($3,000) for international cash transfers.
Australia Warns Crypto ATM Providers on Missing Anti-Money Laundering Checks
Australia has the highest number of crypto ATMs in the Asia Pacific region.
Crypto ATM Operator Bitcoin Depot's Stock Rises 12% in Stock Debut
BTM shares closed on Monday at $3.61, an increase of nearly 12% on GSRM's closing price on Friday.
UK Financial Regulator Expands Enforcement Against Crypto ATMs to East London
The FCA began taking action against illegal crypto ATMs last month, inspecting sites in the northern city of Leeds.
UK Financial Regulator Takes Enforcement Action Against Crypto ATM Operators
The Financial Conduct Authority teamed up with West Yorkshire Police to tackle crypto ATM operators in Leeds.
Government Report Suggests Tightening Regulations on Crypto ATMs
The GAO said the machines are less regulated than crypto exchanges and transactions are more difficult to trace.
FBI Warns of Scams Using Crypto ATMs and QR Codes
The U.S. law enforcement agency says there has been an increase in scammers directing victims to use physical crypto ATMs and QR codes to complete transactions.
