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[sociallocker id="55298"] Experts predict that Bitcoin ATMs (BATMs) will face stricter regulations worldwide, with countries including Canada and Germany already moving to tighten up anti-money laundering requirements.A June 2 report from CipherTrace estimates that 74% of transactions made from U.S.-based Bitcoin ATMs were sent out of the country during 2019.
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Russia’s largest bank, Sberbank, has called for tenders to provide 4,917 ATMs with a built-in graphic card capable of supporting “blockchain operations”.Cryptox spoke with two experts who said the most obvious use case for a blockchain optimized graphics card is mining cryptocurrency.Sberbank is Russia’s oldest and largest bank and holds
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Ripple partner and investor, SBI Holdings, announced plans to integrate Ripple-powered settlements across ATMs in Japan.The news was revealed in SBI’s latest financial report, announcing a plan to integrate the Ripple-powered settlements platform MoneyTap with ATMs run by various banks across Japan.The integration is intended to provide consumers with easier
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Coinstar, the coin counting kiosk maker hosting 3,500 Coinme bitcoin ATMs, is looking to double its bitcoin-capable supermarket locations. The doubling would happen "within a year," President of Product Michael Jack told CryptoX. He said Coinme bitcoin ATM growth "both on a per location and overall basis, has been very
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The Bitcoin (BTC) ATM industry has seen a 70% boom since 2019, with the total number of Bitcoin ATMs installed in various regions around the globe now standing at a massive 7,500. Despite the current regulatory bottlenecks surrounding the cryptocurrency, the United States still dominates the industry, with 5,422 functional
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Transferring money over traditional channels may involve a lot of queuing in lines these days. Authorities around the world are trying to
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If there’s a place where cryptocurrencies draw significantly more attention than anywhere else right now, it has to be Nigeria. Africa’s largest
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Germany’s Federal Financial Supervisory Authority (BaFin) has shut down unauthorized bitcoin ATMs in the country. Now that cryptocurrency is regulated under the
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The German financial watchdog is stopping the operations of a company KKT UG from Berlin that allows consumers to buy and sell cryptocurrencies at ATMs.Lack of necessary permissionAccording to a March 4 statement, BaFin ordered Mr. Adam Gramowski, who runs KKT UG as managing editor, to cease cross-border proprietary
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The number of crypto ATMs across the globe has grown to over 7,000, with machines in 75 countries.At press time, CoinATMRadar listed 7,014 cryptocurrency ATMs in existence. This number also includes machines hosting digital currencies other than Bitcoin (BTC), including assets such as Bitcoin Cash (BCH), Ether (ETH), Dash
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