FCA issues termination order for Bitcoin ATMs
The financial watchdog in the U.K. has declared that all non-registered ATMs must be immediately closed down or be subject to undisclosed additional action. Financial Conduct Authority (FCA), United Kingdom’s central financial regulator, has issued a damning verdict on the presence of Bitcoin (BTC) ATMs within the island country.In what has come as a surprise to many within the industry, the U.K. authority has issued a stern “shut down or face further action" order to operators of Bitcoin ATMs, outlining their intentions to contact these companies to affirm the notice.The watchdog cited a....
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Mastering Bitcoin Author Andreas Antonopoulos recently gave at talk at Harvard's i-lab, spending much of his time in front of a small audience describing the various issues with Bitcoin as a brand. He noted many problems with the terminology used in Bitcoin, and he also focused on specific products or services in the Bitcoin space that seem to be doing a disservice to potential users. At one point during the presentation, Antonopoulos turned his attention to Bitcoin ATMs, asking the audience how many of them had used one of the machines in the past. While a few people raised their hands,....
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People at the Westfield Sydney shopping center in Sydney, Australia will soon be able to spend their money on something else: bitcoins. A bitcoin ATM is expected to make its debut in Australia's most populated city. Operated by Australian Bitcoin ATMs, this has been in the making for quite a bit of time. In late March, it was noted that the first bitcoin ATM in Australia was a mere days away, and here we are in April. I can't and won't say this is the first ATM in the country, but what can be said is that the ATM will make its debut on Tuesday, according to CNET Australia. It's unclear....
Interested in becoming a bitcoin ATM operator? ATM Marketplace, an ATM industry resource, has released a 40-page guide on bitcoin ATMs that explores every aspect of the business opportunity. The report is titled, "Bitcoin ATMs 101: Opportunities for the IAD." IAD stands for independent ATM deployment. The guide, the first to examine the emerging cryptocurrency ATM market, notes bitcoin ATMs offer an efficient and secure way for people to buy and sell bitcoins. ATMs are an alternative to bitcoin exchanges that many believe are more susceptible to hacking and fraud. Bitcoin ATMs shoulder the....