Kais Mohammad, aka “Superman29,” has agreed to plead guilty to federal charges he ran an unlicensed Bitcoin ATM network that laundered up to $25 million, including funds that originated in criminal activity. According to a recent press release by...
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As the number of bitcoin ATMs soars, one crypto analytics firm suggests they are increasingly being used to sidestep anti-money laundering (AML) controls. In its Spring report, published earlier this month, analytics company CipherTrace found bitcoin ATMs were frequently...
Coinme, which provides kiosks and ATMs for digital currencies, raised $1.5 million in a Series A-1 financing round that included Ripple’s subsidiary Xpring and Blockchain Finance Fund, the company said. Proceeds from the funding will be used for additional...
A man who created his own Bitcoin ATM has pleaded guilty of money laundering and related crimes. Kunal Kalra, a resident of Westwood, California, used his machine and other means to clean as much as $25 million between 2015...
Spain’s Guardia Civil (Civil Guard) police unit has indicated that current rules in Europe are inadequate with regards to discouraging the use of Bitcoin ATMs to launder money. According to Bloomberg, this deficiency results from the fact that the...
Law enforcement officials in Spain are arguing that a recent effort to break up a criminal organization — which utilized bitcoin ATMs — has exposed a gap in European anti-money laundering statutes An international case led by Europol and...
Following a Spanish investigation into a gang’s recently-busted money laundering operation, the nation’s police force claim to have exposed gaps in the European Union’s regulations designed to prevent money laundering. The group reportedly exploited the lack of rules regarding...
Texas-based Bitcoin ATM maker Coinsource is adding a stablecoin to the mix. The company is expanding to include the Dai stablecoin in its machines, according to a report in Reuters. Coinsource is also reportedly gearing up to launch a...
Nearly six years after the first Bitcoin ATM was installed in Vancouver, Canada the number of the cryptocurrency-dispensing machines across the world has risen to 5,006, according to Coin ATM Radar. In the last 60 days, an average of...
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