The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
The FCA published a list of companies<\/a> involved in cryptocurrency who have not registered their business with the financial watchdog for anti-money-laundering checks. Since the publication of the list, 110 of the companies have ceased trading.<\/p>\n","post_title":"Crypto ATMs Banned In The UK Over Legal Concerns","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-atms-banned-in-the-uk-over-legal-concerns","to_ping":"","pinged":"","post_modified":"2022-03-12 12:46:23","post_modified_gmt":"2022-03-12 01:46:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3883","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
ADVERTISEMENT\n Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
The FCA published a list of companies<\/a> involved in cryptocurrency who have not registered their business with the financial watchdog for anti-money-laundering checks. Since the publication of the list, 110 of the companies have ceased trading.<\/p>\n","post_title":"Crypto ATMs Banned In The UK Over Legal Concerns","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-atms-banned-in-the-uk-over-legal-concerns","to_ping":"","pinged":"","post_modified":"2022-03-12 12:46:23","post_modified_gmt":"2022-03-12 01:46:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3883","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
ADVERTISEMENT\n There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
The FCA published a list of companies<\/a> involved in cryptocurrency who have not registered their business with the financial watchdog for anti-money-laundering checks. Since the publication of the list, 110 of the companies have ceased trading.<\/p>\n","post_title":"Crypto ATMs Banned In The UK Over Legal Concerns","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-atms-banned-in-the-uk-over-legal-concerns","to_ping":"","pinged":"","post_modified":"2022-03-12 12:46:23","post_modified_gmt":"2022-03-12 01:46:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3883","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
ADVERTISEMENT\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
The FCA published a list of companies<\/a> involved in cryptocurrency who have not registered their business with the financial watchdog for anti-money-laundering checks. Since the publication of the list, 110 of the companies have ceased trading.<\/p>\n","post_title":"Crypto ATMs Banned In The UK Over Legal Concerns","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-atms-banned-in-the-uk-over-legal-concerns","to_ping":"","pinged":"","post_modified":"2022-03-12 12:46:23","post_modified_gmt":"2022-03-12 01:46:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3883","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
ADVERTISEMENT\n Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
The FCA published a list of companies<\/a> involved in cryptocurrency who have not registered their business with the financial watchdog for anti-money-laundering checks. Since the publication of the list, 110 of the companies have ceased trading.<\/p>\n","post_title":"Crypto ATMs Banned In The UK Over Legal Concerns","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-atms-banned-in-the-uk-over-legal-concerns","to_ping":"","pinged":"","post_modified":"2022-03-12 12:46:23","post_modified_gmt":"2022-03-12 01:46:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3883","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
ADVERTISEMENT\n Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
The FCA published a list of companies<\/a> involved in cryptocurrency who have not registered their business with the financial watchdog for anti-money-laundering checks. Since the publication of the list, 110 of the companies have ceased trading.<\/p>\n","post_title":"Crypto ATMs Banned In The UK Over Legal Concerns","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-atms-banned-in-the-uk-over-legal-concerns","to_ping":"","pinged":"","post_modified":"2022-03-12 12:46:23","post_modified_gmt":"2022-03-12 01:46:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3883","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
ADVERTISEMENT\n Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
The FCA published a list of companies<\/a> involved in cryptocurrency who have not registered their business with the financial watchdog for anti-money-laundering checks. Since the publication of the list, 110 of the companies have ceased trading.<\/p>\n","post_title":"Crypto ATMs Banned In The UK Over Legal Concerns","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-atms-banned-in-the-uk-over-legal-concerns","to_ping":"","pinged":"","post_modified":"2022-03-12 12:46:23","post_modified_gmt":"2022-03-12 01:46:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3883","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
ADVERTISEMENT\n After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
The FCA published a list of companies<\/a> involved in cryptocurrency who have not registered their business with the financial watchdog for anti-money-laundering checks. Since the publication of the list, 110 of the companies have ceased trading.<\/p>\n","post_title":"Crypto ATMs Banned In The UK Over Legal Concerns","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-atms-banned-in-the-uk-over-legal-concerns","to_ping":"","pinged":"","post_modified":"2022-03-12 12:46:23","post_modified_gmt":"2022-03-12 01:46:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=3883","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
ADVERTISEMENT\n After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
ADVERTISEMENT\n Bitcoin ATM operator, Bitcoin of America<\/a> announced<\/a> in a press release that their ATMs support the transaction of Dogecoin ($DOGE).<\/p>\n\n\n\n
After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
ADVERTISEMENT\n This milestone reflects Australia's growing role in the global crypto market, despite the regulatory challenges involved.<\/p>\n","post_title":"Crypto ATM Boom: Australia Now The World\u2019s Third-Largest Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-atm-boom-australia-now-the-worlds-third-largest-market","to_ping":"","pinged":"","post_modified":"2024-09-01 22:29:28","post_modified_gmt":"2024-09-01 12:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18443","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4106,"post_author":"1","post_date":"2022-03-25 21:40:55","post_date_gmt":"2022-03-25 10:40:55","post_content":"\n
Bitcoin ATM operator, Bitcoin of America<\/a> announced<\/a> in a press release that their ATMs support the transaction of Dogecoin ($DOGE).<\/p>\n\n\n\n
After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
ADVERTISEMENT\n Australia's successful launch of the first spot Bitcoin ETF marks a significant achievement in the country's financial landscape, positioning it as a leader in cryptocurrency investment vehicles. The ETF's introduction enhances the legitimacy of crypto assets and sets a precedent for future Bitcoin ETFs in the region.<\/p>\n\n\n\n
This milestone reflects Australia's growing role in the global crypto market, despite the regulatory challenges involved.<\/p>\n","post_title":"Crypto ATM Boom: Australia Now The World\u2019s Third-Largest Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-atm-boom-australia-now-the-worlds-third-largest-market","to_ping":"","pinged":"","post_modified":"2024-09-01 22:29:28","post_modified_gmt":"2024-09-01 12:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18443","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4106,"post_author":"1","post_date":"2022-03-25 21:40:55","post_date_gmt":"2022-03-25 10:40:55","post_content":"\n
Bitcoin ATM operator, Bitcoin of America<\/a> announced<\/a> in a press release that their ATMs support the transaction of Dogecoin ($DOGE).<\/p>\n\n\n\n
After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
ADVERTISEMENT\n VanEck launched <\/a>the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) last June 20. Bitcoin ETF launch is seen as a key milestone in legitimizing crypto and related ETFs in Australia, following similar approvals in the US.<\/p>\n\n\n\n
Australia's successful launch of the first spot Bitcoin ETF marks a significant achievement in the country's financial landscape, positioning it as a leader in cryptocurrency investment vehicles. The ETF's introduction enhances the legitimacy of crypto assets and sets a precedent for future Bitcoin ETFs in the region.<\/p>\n\n\n\n
This milestone reflects Australia's growing role in the global crypto market, despite the regulatory challenges involved.<\/p>\n","post_title":"Crypto ATM Boom: Australia Now The World\u2019s Third-Largest Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-atm-boom-australia-now-the-worlds-third-largest-market","to_ping":"","pinged":"","post_modified":"2024-09-01 22:29:28","post_modified_gmt":"2024-09-01 12:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18443","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4106,"post_author":"1","post_date":"2022-03-25 21:40:55","post_date_gmt":"2022-03-25 10:40:55","post_content":"\n
Bitcoin ATM operator, Bitcoin of America<\/a> announced<\/a> in a press release that their ATMs support the transaction of Dogecoin ($DOGE).<\/p>\n\n\n\n
After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
ADVERTISEMENT\n The First Spot Bitcoin ETF In Australia<\/h2>\n\n\n\n
VanEck launched <\/a>the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) last June 20. Bitcoin ETF launch is seen as a key milestone in legitimizing crypto and related ETFs in Australia, following similar approvals in the US.<\/p>\n\n\n\n
Australia's successful launch of the first spot Bitcoin ETF marks a significant achievement in the country's financial landscape, positioning it as a leader in cryptocurrency investment vehicles. The ETF's introduction enhances the legitimacy of crypto assets and sets a precedent for future Bitcoin ETFs in the region.<\/p>\n\n\n\n
This milestone reflects Australia's growing role in the global crypto market, despite the regulatory challenges involved.<\/p>\n","post_title":"Crypto ATM Boom: Australia Now The World\u2019s Third-Largest Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-atm-boom-australia-now-the-worlds-third-largest-market","to_ping":"","pinged":"","post_modified":"2024-09-01 22:29:28","post_modified_gmt":"2024-09-01 12:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18443","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4106,"post_author":"1","post_date":"2022-03-25 21:40:55","post_date_gmt":"2022-03-25 10:40:55","post_content":"\n
Bitcoin ATM operator, Bitcoin of America<\/a> announced<\/a> in a press release that their ATMs support the transaction of Dogecoin ($DOGE).<\/p>\n\n\n\n
After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
ADVERTISEMENT\n This rapid growth is likely to attract attention from law enforcement. In March last year, the Australian Federal Police established a multi-agency task force focused on money laundering, acknowledging that some criminals have used crypto ATMs to launder their illicit gains.<\/p>\n\n\n\n
The First Spot Bitcoin ETF In Australia<\/h2>\n\n\n\n
VanEck launched <\/a>the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) last June 20. Bitcoin ETF launch is seen as a key milestone in legitimizing crypto and related ETFs in Australia, following similar approvals in the US.<\/p>\n\n\n\n
Australia's successful launch of the first spot Bitcoin ETF marks a significant achievement in the country's financial landscape, positioning it as a leader in cryptocurrency investment vehicles. The ETF's introduction enhances the legitimacy of crypto assets and sets a precedent for future Bitcoin ETFs in the region.<\/p>\n\n\n\n
This milestone reflects Australia's growing role in the global crypto market, despite the regulatory challenges involved.<\/p>\n","post_title":"Crypto ATM Boom: Australia Now The World\u2019s Third-Largest Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-atm-boom-australia-now-the-worlds-third-largest-market","to_ping":"","pinged":"","post_modified":"2024-09-01 22:29:28","post_modified_gmt":"2024-09-01 12:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18443","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4106,"post_author":"1","post_date":"2022-03-25 21:40:55","post_date_gmt":"2022-03-25 10:40:55","post_content":"\n
Bitcoin ATM operator, Bitcoin of America<\/a> announced<\/a> in a press release that their ATMs support the transaction of Dogecoin ($DOGE).<\/p>\n\n\n\n
After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
ADVERTISEMENT\n Australia holds only a 3% share of the global market. On the other hand, the United States dominates with over 82% of the market and 31,877 ATMs, followed by Canada's 7.8% share with 3,004 machines.<\/p>\n\n\n\n
This rapid growth is likely to attract attention from law enforcement. In March last year, the Australian Federal Police established a multi-agency task force focused on money laundering, acknowledging that some criminals have used crypto ATMs to launder their illicit gains.<\/p>\n\n\n\n
The First Spot Bitcoin ETF In Australia<\/h2>\n\n\n\n
VanEck launched <\/a>the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) last June 20. Bitcoin ETF launch is seen as a key milestone in legitimizing crypto and related ETFs in Australia, following similar approvals in the US.<\/p>\n\n\n\n
Australia's successful launch of the first spot Bitcoin ETF marks a significant achievement in the country's financial landscape, positioning it as a leader in cryptocurrency investment vehicles. The ETF's introduction enhances the legitimacy of crypto assets and sets a precedent for future Bitcoin ETFs in the region.<\/p>\n\n\n\n
This milestone reflects Australia's growing role in the global crypto market, despite the regulatory challenges involved.<\/p>\n","post_title":"Crypto ATM Boom: Australia Now The World\u2019s Third-Largest Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-atm-boom-australia-now-the-worlds-third-largest-market","to_ping":"","pinged":"","post_modified":"2024-09-01 22:29:28","post_modified_gmt":"2024-09-01 12:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18443","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4106,"post_author":"1","post_date":"2022-03-25 21:40:55","post_date_gmt":"2022-03-25 10:40:55","post_content":"\n
Bitcoin ATM operator, Bitcoin of America<\/a> announced<\/a> in a press release that their ATMs support the transaction of Dogecoin ($DOGE).<\/p>\n\n\n\n
After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
ADVERTISEMENT\n See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n
Australia holds only a 3% share of the global market. On the other hand, the United States dominates with over 82% of the market and 31,877 ATMs, followed by Canada's 7.8% share with 3,004 machines.<\/p>\n\n\n\n
This rapid growth is likely to attract attention from law enforcement. In March last year, the Australian Federal Police established a multi-agency task force focused on money laundering, acknowledging that some criminals have used crypto ATMs to launder their illicit gains.<\/p>\n\n\n\n
The First Spot Bitcoin ETF In Australia<\/h2>\n\n\n\n
VanEck launched <\/a>the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) last June 20. Bitcoin ETF launch is seen as a key milestone in legitimizing crypto and related ETFs in Australia, following similar approvals in the US.<\/p>\n\n\n\n
Australia's successful launch of the first spot Bitcoin ETF marks a significant achievement in the country's financial landscape, positioning it as a leader in cryptocurrency investment vehicles. The ETF's introduction enhances the legitimacy of crypto assets and sets a precedent for future Bitcoin ETFs in the region.<\/p>\n\n\n\n
This milestone reflects Australia's growing role in the global crypto market, despite the regulatory challenges involved.<\/p>\n","post_title":"Crypto ATM Boom: Australia Now The World\u2019s Third-Largest Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-atm-boom-australia-now-the-worlds-third-largest-market","to_ping":"","pinged":"","post_modified":"2024-09-01 22:29:28","post_modified_gmt":"2024-09-01 12:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18443","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4106,"post_author":"1","post_date":"2022-03-25 21:40:55","post_date_gmt":"2022-03-25 10:40:55","post_content":"\n
Bitcoin ATM operator, Bitcoin of America<\/a> announced<\/a> in a press release that their ATMs support the transaction of Dogecoin ($DOGE).<\/p>\n\n\n\n
After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
ADVERTISEMENT\n This surge includes the addition of 160 ATMs since the end of April when Australia surpassed 1,000 active machines. According to Coin ATM Radar, the number of these machines in Australia nearly doubled in the last 12 months.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n
Australia holds only a 3% share of the global market. On the other hand, the United States dominates with over 82% of the market and 31,877 ATMs, followed by Canada's 7.8% share with 3,004 machines.<\/p>\n\n\n\n
This rapid growth is likely to attract attention from law enforcement. In March last year, the Australian Federal Police established a multi-agency task force focused on money laundering, acknowledging that some criminals have used crypto ATMs to launder their illicit gains.<\/p>\n\n\n\n
The First Spot Bitcoin ETF In Australia<\/h2>\n\n\n\n
VanEck launched <\/a>the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) last June 20. Bitcoin ETF launch is seen as a key milestone in legitimizing crypto and related ETFs in Australia, following similar approvals in the US.<\/p>\n\n\n\n
Australia's successful launch of the first spot Bitcoin ETF marks a significant achievement in the country's financial landscape, positioning it as a leader in cryptocurrency investment vehicles. The ETF's introduction enhances the legitimacy of crypto assets and sets a precedent for future Bitcoin ETFs in the region.<\/p>\n\n\n\n
This milestone reflects Australia's growing role in the global crypto market, despite the regulatory challenges involved.<\/p>\n","post_title":"Crypto ATM Boom: Australia Now The World\u2019s Third-Largest Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-atm-boom-australia-now-the-worlds-third-largest-market","to_ping":"","pinged":"","post_modified":"2024-09-01 22:29:28","post_modified_gmt":"2024-09-01 12:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18443","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4106,"post_author":"1","post_date":"2022-03-25 21:40:55","post_date_gmt":"2022-03-25 10:40:55","post_content":"\n
Bitcoin ATM operator, Bitcoin of America<\/a> announced<\/a> in a press release that their ATMs support the transaction of Dogecoin ($DOGE).<\/p>\n\n\n\n
After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
ADVERTISEMENT\n <\/figure>\n\n\n\n
This surge includes the addition of 160 ATMs since the end of April when Australia surpassed 1,000 active machines. According to Coin ATM Radar, the number of these machines in Australia nearly doubled in the last 12 months.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n
Australia holds only a 3% share of the global market. On the other hand, the United States dominates with over 82% of the market and 31,877 ATMs, followed by Canada's 7.8% share with 3,004 machines.<\/p>\n\n\n\n
This rapid growth is likely to attract attention from law enforcement. In March last year, the Australian Federal Police established a multi-agency task force focused on money laundering, acknowledging that some criminals have used crypto ATMs to launder their illicit gains.<\/p>\n\n\n\n
The First Spot Bitcoin ETF In Australia<\/h2>\n\n\n\n
VanEck launched <\/a>the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) last June 20. Bitcoin ETF launch is seen as a key milestone in legitimizing crypto and related ETFs in Australia, following similar approvals in the US.<\/p>\n\n\n\n
Australia's successful launch of the first spot Bitcoin ETF marks a significant achievement in the country's financial landscape, positioning it as a leader in cryptocurrency investment vehicles. The ETF's introduction enhances the legitimacy of crypto assets and sets a precedent for future Bitcoin ETFs in the region.<\/p>\n\n\n\n
This milestone reflects Australia's growing role in the global crypto market, despite the regulatory challenges involved.<\/p>\n","post_title":"Crypto ATM Boom: Australia Now The World\u2019s Third-Largest Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-atm-boom-australia-now-the-worlds-third-largest-market","to_ping":"","pinged":"","post_modified":"2024-09-01 22:29:28","post_modified_gmt":"2024-09-01 12:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18443","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4106,"post_author":"1","post_date":"2022-03-25 21:40:55","post_date_gmt":"2022-03-25 10:40:55","post_content":"\n
Bitcoin ATM operator, Bitcoin of America<\/a> announced<\/a> in a press release that their ATMs support the transaction of Dogecoin ($DOGE).<\/p>\n\n\n\n
After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
ADVERTISEMENT\n According to Coin ATM Radar data<\/a>, the country now ranks as the world's third-largest market for crypto ATMs with 1,162 machines. The number of crypto ATMs significantly rose from just 67 in August 2022.<\/p>\n\n\n\n
This surge includes the addition of 160 ATMs since the end of April when Australia surpassed 1,000 active machines. According to Coin ATM Radar, the number of these machines in Australia nearly doubled in the last 12 months.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n
Australia holds only a 3% share of the global market. On the other hand, the United States dominates with over 82% of the market and 31,877 ATMs, followed by Canada's 7.8% share with 3,004 machines.<\/p>\n\n\n\n
This rapid growth is likely to attract attention from law enforcement. In March last year, the Australian Federal Police established a multi-agency task force focused on money laundering, acknowledging that some criminals have used crypto ATMs to launder their illicit gains.<\/p>\n\n\n\n
The First Spot Bitcoin ETF In Australia<\/h2>\n\n\n\n
VanEck launched <\/a>the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) last June 20. Bitcoin ETF launch is seen as a key milestone in legitimizing crypto and related ETFs in Australia, following similar approvals in the US.<\/p>\n\n\n\n
Australia's successful launch of the first spot Bitcoin ETF marks a significant achievement in the country's financial landscape, positioning it as a leader in cryptocurrency investment vehicles. The ETF's introduction enhances the legitimacy of crypto assets and sets a precedent for future Bitcoin ETFs in the region.<\/p>\n\n\n\n
This milestone reflects Australia's growing role in the global crypto market, despite the regulatory challenges involved.<\/p>\n","post_title":"Crypto ATM Boom: Australia Now The World\u2019s Third-Largest Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-atm-boom-australia-now-the-worlds-third-largest-market","to_ping":"","pinged":"","post_modified":"2024-09-01 22:29:28","post_modified_gmt":"2024-09-01 12:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18443","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4106,"post_author":"1","post_date":"2022-03-25 21:40:55","post_date_gmt":"2022-03-25 10:40:55","post_content":"\n
Bitcoin ATM operator, Bitcoin of America<\/a> announced<\/a> in a press release that their ATMs support the transaction of Dogecoin ($DOGE).<\/p>\n\n\n\n
After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
ADVERTISEMENT\n Australia has experienced a 17-fold increase in new crypto ATMs over the past two years. It is now one of the fastest-growing markets for these kiosks globally despite growing concerns about their potential misuse by malicious actors.<\/p>\n\n\n\n
According to Coin ATM Radar data<\/a>, the country now ranks as the world's third-largest market for crypto ATMs with 1,162 machines. The number of crypto ATMs significantly rose from just 67 in August 2022.<\/p>\n\n\n\n
This surge includes the addition of 160 ATMs since the end of April when Australia surpassed 1,000 active machines. According to Coin ATM Radar, the number of these machines in Australia nearly doubled in the last 12 months.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Lightning Network Upgrades Coming To El Salvador Bitcoin ATMs<\/a><\/p>\n\n\n\n
Australia holds only a 3% share of the global market. On the other hand, the United States dominates with over 82% of the market and 31,877 ATMs, followed by Canada's 7.8% share with 3,004 machines.<\/p>\n\n\n\n
This rapid growth is likely to attract attention from law enforcement. In March last year, the Australian Federal Police established a multi-agency task force focused on money laundering, acknowledging that some criminals have used crypto ATMs to launder their illicit gains.<\/p>\n\n\n\n
The First Spot Bitcoin ETF In Australia<\/h2>\n\n\n\n
VanEck launched <\/a>the first spot Bitcoin ETF on the Australian Securities Exchange (ASX) last June 20. Bitcoin ETF launch is seen as a key milestone in legitimizing crypto and related ETFs in Australia, following similar approvals in the US.<\/p>\n\n\n\n
Australia's successful launch of the first spot Bitcoin ETF marks a significant achievement in the country's financial landscape, positioning it as a leader in cryptocurrency investment vehicles. The ETF's introduction enhances the legitimacy of crypto assets and sets a precedent for future Bitcoin ETFs in the region.<\/p>\n\n\n\n
This milestone reflects Australia's growing role in the global crypto market, despite the regulatory challenges involved.<\/p>\n","post_title":"Crypto ATM Boom: Australia Now The World\u2019s Third-Largest Market","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"crypto-atm-boom-australia-now-the-worlds-third-largest-market","to_ping":"","pinged":"","post_modified":"2024-09-01 22:29:28","post_modified_gmt":"2024-09-01 12:29:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18443","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4106,"post_author":"1","post_date":"2022-03-25 21:40:55","post_date_gmt":"2022-03-25 10:40:55","post_content":"\n
Bitcoin ATM operator, Bitcoin of America<\/a> announced<\/a> in a press release that their ATMs support the transaction of Dogecoin ($DOGE).<\/p>\n\n\n\n
After recognizing the popularity of the meme-coin and the attention it could bring, Bitcoin of America added the currency to their BTMs. Dogecoin ($DOGE<\/a>) is now available for transactions alongside Bitcoin ($BTC<\/a>), Ethereum ($ETH<\/a>), and Litecoin ($LTC<\/a>). To date, Bitcoin of America has 1800 plus BTMs across 31 states.\u00a0<\/p>\n\n\n\n
Bitcoin of America has made several updates to its BTMs with the announcement of its new Universal Kiosk.\u00a0The new universal kiosk combines the capabilities of a traditional ATM with a Bitcoin ATM and offers 3 main functions. The first is the traditional ATM feature where customers can dispense cash from a debit card. The second function is being able to\u00a0buy cryptocurrency\u00a0with cash. The last is that customers can sell crypto in return for cash.<\/p>\n\n\n\n
Dogecoin has rallied in the past few days going from $0.123 to a high of $0.140. The current market cap is sitting at US$18 billion.<\/p>\n\n\n\n
Dogecoin 2-Day Price Data - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"Bitcoin ATM Operator Now Supports $DOGE","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-atm-operator-now-supports-doge","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:37","post_modified_gmt":"2023-04-11 02:50:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4106","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":3883,"post_author":"1","post_date":"2022-03-12 12:39:28","post_date_gmt":"2022-03-12 01:39:28","post_content":"\n The UK Financial Conduct Authority (FCA) has announced<\/a> the banning of every crypto ATM in the country. Crypto ATMs in the UK are operating illegally, as none of them are registered. Failing to do so may result in legal action states the FCA.<\/p>\n\n\n\n
There are currently 70 crypto ATMs running in the UK says CoinATMRadar<\/a> data. The FCA believes that as these machines allow holders to transact cash into crypto or vice versa, it could facilitate money laundering. <\/p>\n\n\n\n
Being an ATM, there is no need for an account or background check. The FCA is concerned about the fact that there are not these checks that exchanges would usually set in place. The FCA has taken immediate action until they decide on regulations<\/a> that allow these machines to 'safely' function.<\/p>\n\n\n\n
\"Crypto ATMs offering cryptoasset exchange services in the UK must be registered with us and comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms registered with us have been approved to offer crypto ATM services, meaning that any of them operating in the UK are doing so illegally and consumers should not be using them<\/em>.\"<\/p>FCA, March 11th <\/cite><\/blockquote>\n\n\n\n
The announcement also came with a decision by the UK Upper Tribunal to\u00a0reject<\/a>\u00a0an appeal filed by Gidiplus, a firm offering crypto ATM services, to continue trading. A \u201clack of evidence as to how GIdiplus would undertake its business in a broadly compliant fashion' concluded the decision.<\/p>\n\n\n\n
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Crypto ATM Boom: Australia Now The World’s Third-Largest Market
Australia has experienced a 17-fold increase in new crypto ATMs over the past two years. It is now one of ...
Bitcoin ATM Operator Now Supports $DOGE
Bitcoin ATM operator, Bitcoin of America announced in a press release that their ATMs support the transaction of Dogecoin ($DOGE). ...
Crypto ATMs Banned In The UK Over Legal Concerns
The UK Financial Conduct Authority (FCA) has announced the banning of every crypto ATM in the country. Crypto ATMs in ...
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