FCA takes down illegal crypto ATMs in the UK, issues strong warning
The Financial Conduct Authority (FCA), the renowned financial watchdog in the United Kingdom, announced the disruption of 26 out of 34 cryptocurrency ATMs it inspected. Firmly addressing the UK crypto ATM operators on February 14, the FCA issued a stern warning, clarifying that compliance with legislation or facing closure of illicit activities was the only […]
Uruguay to install first crypto ATM
TL;DR Breakdown • The first ATM in Uruguay comes from the Ferret and Urubit companies.• Enthusiasts in the country can trade with Bitcoin, USDT, and Ether. The crypto market comes reenergized to South America with the first installation of a crypto Automated Teller Machine in Uruguay. The country joined the increasing wave of adoptions after […]
Illegal Bitcoin ATM operator in America plead guilty, to bag 30 years jail term
Kais Mohammed, an illegal Bitcoin ATM operator in America, has pleaded guilty to three count crime charges against him in connection with illegal crypto money service. Reportedly, Mohammed’s illegal business processed payment worth $25 million, with the majority of this amount being proceeds from illegal operations. Mohammed is also said to have founded Herocoin, another […]
Thanks to LibertyX, you can now buy Bitcoin at 20,000 retailers across US
America’s largest Bitcoin ATM operator LibertyX has now enabled Americans to buy Bitcoin at over 20,000 retailers spread across the country, which includes leading round-the-clock convenience stores like 7-eleven and pharmaceutical companies such as CVS Pharmacy and Rite Aid. The Boston-based Bitcoin ATM operator has always taken the Bitcoin adoption rate very seriously. Last year, […]
Sberbank launches 5000 blockchain-powered touchless ATMs in Russia
State-owned Russian bank Sberbank spearheads the adoption of touchless ATMs in the country, leveraging blockchain technology for better security and efficiency, and helping the region curtail the deadly coronavirus spread. The coronavirus pandemic has paved the long-pending way to a touchless future. From touchless travel, touchless payments to touchless toilets, and now touchless ATMs, the […]
Bitcoin demand sees crypto ATMs grow by 70%
Crypto ATMs growth across the world continues to rise as demand for Bitcoin heads north. Most major towns have reported at least one terminal in response to the growing interest NOT ONLY IN Bitcoins but altcoins as well. Cryptocurrency uptake is on the rise and the increased use cases have spurred ATM growth to make […]
Allpay prepaid card to help COVID-19 aid disbursement
The Allpay prepaid card has come in handy in helping in the COVID-19 aid disbursement. This is good news in a world facing total lockdown as a result of the deadly coronavirus pandemic. The UK based payment processing outfit has come up with a prepaid card that will help in the disbursement of emergency funds […]
Bitcoin depot ATM shutdown to halt coronavirus spread
Fast-growing Bitcoin depot ATM in the U.S. has started shutting down primarily to end the spread of novel coronavirus in the country. Bitcoin depot ATM temporary shutdown is, however, strategic as only machines in highly populated areas are shut down to encourage social distancing. Alona Lubya, the firm’s director of product, said in an interview […]
