AUSTRAC is tightening the screws on crypto and remittance operators that fail basic AML reporting, with crypto ATMs and cash-heavy rails in the crosshairs. The crackdown targets abuse and scam networks, but it also raises the usual tension: stronger consumer protection versus heavier pressure on legitimate businesses.
Read Full Article
Arizona’s new crypto ATM rules are already delivering real refunds: 35 scam victims have recovered $171,332 so far. The law keeps kiosks legal but forces faster reporting, tighter limits, and more operator responsibility when fraudsters use them as cash-out tools.
Read Full Article
Minnesota is shutting down crypto ATMs after officials tied them to more than 100 complaints and nearly $1 million in scam losses, with older adults hit especially hard. The move is a blunt warning to the industry: convenience is nice, but it’s a gift to fraudsters when money becomes fast, irreversible, and gone.
Read Full Article
North Carolina has tightened crypto ATM rules with fraud warnings, live support, fee caps, and refund rights for scam victims, aiming to curb kiosk abuse without shutting down access to crypto.
Read Full Article
Crypto ATM bans are picking up speed, with Delaware and New Jersey now moving to shut down kiosks that lawmakers say have become scam magnets for older adults and other vulnerable users. Delaware: House Bill 441 advanced on June 9 New Jersey: Senate Bill 2141 advanced on June 8 FBI data: 13,460 complaints and more […]
Read Full Article
Bitcoin Depot, one of the biggest crypto ATM operators in North America, has warned that its business may not survive the pressure now hitting it from regulators, lawsuits, and plunging transaction volume. “Substantial doubt” over the company’s ability to keep operating $20 million+ in legal judgments and fresh state enforcement actions $80 million revenue drop […]
Read Full Article
Canada is moving toward a tougher stance on crypto ATMs after investigators tied the machines to a growing wave of fraud and scam payments. What began as a handy cash-to-bitcoin bridge is increasingly being treated like a criminal convenience tool with a QR code. Canada crypto ATM crackdown Crypto ATM scams are rising Bitcoin ATM […]
Read Full Article
Canada is weighing tighter rules for crypto ATMs as regulators link the kiosks to scams, fraud, and money laundering. The machines have become a lightning rod because they make it easy to turn cash into Bitcoin fast — which is handy for legitimate users, and just as handy for scammers. Canada is considering a crackdown […]
Read Full Article
Crypto ATMs are getting squeezed hard in the U.S., and Tennessee just took the most brutal swing yet by effectively banning them statewide, as detailed in this crackdown on crypto ATMs. Minnesota, meanwhile, is trying the “fine, but with a leash” approach. Tennessee has made crypto ATM operations illegal statewide. Minnesota is pushing stricter regulation […]
Read Full Article
Australia Slams the Brakes on Crypto ATMs as Crime Explodes Australia is dropping the hammer on cryptocurrency ATMs as their numbers skyrocket and ties to financial crime become a screaming red flag. Minister for Home Affairs Tony Burke has rolled out sweeping new powers for AUSTRAC, the nation’s financial crimes watchdog, to rein in the […]
Read Full Article