Australia Declares War On Crypto ATMs As Crime Explodes
Australia is stepping up action against cryptocurrency ATMs after a sharp rise in scams and other illicit uses, according to AUSTRAC and law enforcement reports. Machines that let people turn cash into crypto have grown fast, and regulators say the surge has put older and vulnerable users at particular risk. Related Reading: Japan Declares War […]
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UK’s Financial Conduct Authority (FCA) has posted a warning today ordering all crypto ATMs in the country to be shutdown as they are operating illegally. UK’s FCA Says None Of The Crypto ATMs In The Nation Have Gotten Approval As per an announcement on the financial watchdog’s website, the FCA has warned any crypto ATMs […]
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....
The land down under may soon become the land of bitcoin ATMs. A new company aptly named 'Australian Bitcoin ATMs' is planning to roll out a slew of machines that convert fiat currency to bitcoin and vice-versa, according to an ABC Australia report. One hundred machines, to be exact. The bitcoin ATMs will reportedly be sprinkled around the country - allowing enthusiasts and those curious about the digital currency an opportunity easily convert traditional and digital currency. The first of the ATMs are reported to be launched in February in Sydney and Melbourne. Very little other....
100 bitcoin ATMs are about to hit the streets of Australia, according to a local radio report. This weekend, state broadcaster ABC ran a short report on bitcoin during its current affairs program The World Today. It included the news that a company called Australian Bitcoin ATMs would be distributing ATM machines all over the country. The report didn't give away many specifics about the project or the company, and the brand of the ATMs wasn't mentioned. CEO Chris Guzowski said: "You can type in how many bitcoins you want to sell, then our ATM goes onto an overseas bitcoin exchange and....
Jordan Kelley, CEO of Robocoin, wants everyone in the world to own Bitcoins. His kiosks are paving the way to get there. Bitcoin is booming in Australia. Companies are sparking interest of major investment firms, startups appear everywhere and, in just a few days, Sydney will see the arrival of two Bitcoin ATMs. 100 ATMs in the coming months. The first ATM will be installed in Pit Street Mall. The place is known for its selection of over 500 specialty stores and shoppers will now also be able to obtain digital currencies while shopping. Pit Street Mall's ATM will be installed by Australian....