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Number of Bitcoin ATMs Up 85% This Year as Coronavirus Drives Adoption

The number of bitcoin automated teller machines (ATMs) across the globe has surged this year amid the coronavirus-induced shift toward contactless payments.Bitcoin ATM installations have increased by 85% to 11,798, outpacing the previous year’s near 50% rise by a significant margin, according to data source Coin ATM Radar.The spike demonstrates

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California Resident Pleads Guilty to Laundering Millions Using Illegal Bitcoin ATMs

Kais Mohammad, a.k.a. “Superman29,” has agreed to plead guilty to federal charges he ran an unlicensed Bitcoin ATM network that laundered up to $25 million, including funds that originated in criminal activity.  According to a recent press release by the Department of Justice, the Orange County, California, resident is pleading guilty

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US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines

[sociallocker id="55298"] Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering.According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract “greater…regulatory focus” in a bid to rein-in alleged cross-border illicit financial transfers.Jeffries urged “the need for more uniform

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