Search results for cryptocurrency ATM
Crypto
Australia removes 45 crypto and remittance firms, tightens anti-money laundering oversight
Australia’s transaction reporting and analysis centre AUSTRAC has tightened oversight of high-risk payment and cryptocurrency sectors, cancelling or suspending registrations or refusing renewals for 45 remittance firms and virtual asset service providers over the past year. It removed operators lacking capacity, inactive for long periods or insolvent, and took action over missing change notifications and registration gaps. AUSTRAC also suspended Cryptolink’s registration for three months covering 96 ATMs and opened a separate probe into Western Union.
Crypto
Minnesota ban on crypto ATMs takes effect; existing machines to be removed by year-end
Minnesota has banned the operation of cryptocurrency kiosks, with a new law taking effect after Governor Tim Walz signed SF 3868 on May 5. Under the law, operators may not install, run or maintain crypto ATMs in the state. Existing machines had to be deactivated by Aug. 1, and those in places visible or accessible to the public must be removed by Dec. 31.
Crypto
Crypto ATMs face tighter space as U.S. states roll out bans and restrictions
Regulation of crypto ATMs is tightening rapidly across the United States. Tennessee has banned the installation and use of crypto ATMs and kiosks, while Georgia has introduced rules covering transaction limits, scam warnings and refunds in some fraud cases. Other states including Indiana and Minnesota are also moving to prohibit the machines. The measures follow rising fraud tied to crypto ATMs, including cases involving older residents. The tougher rules are also pressuring operators, including Bitcoin Depot, which sought Chapter 11 protection in May.
