Tag: Crypto ATMs
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Australia Imposes New Rules on Crypto ATMs
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As cryptocurrency adoption continues to grow across Australia, regulators are moving quickly to rein in one of the fastest-expanding segments of the industry, crypto ATMs. Once seen as a sign of mainstream acceptance, these cash-to-crypto machines are now under intense scrutiny following alarming reports of fraud, money laundering and organised crime links. New Restrictions on…
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Wisconsin Moves to Regulate Crypto ATMs Amid Scam Concerns
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Lawmakers in Wisconsin are taking steps to crack down on cryptocurrency ATM scams by introducing new legislation that would impose strict rules on operators and safeguard consumers. The move follows growing concerns from regulators across the world about the misuse of these machines for fraud and other illegal activities. Twin Bills Aim to Fast-Track Regulation…
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Crypto ATMs Banned in New Zealand to Fight Crime
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New Zealand has taken a bold step to fight money laundering and financial crime by banning crypto ATMs and capping international cash transfers. The move, announced by Associate Justice Minister Nicole McKee, is part of a wider reform to the country’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regime. The government says the…