IRS monitoring bitcoin ATM activity, looking into compliance

November 18, 2019

As bitcoin ATMs proliferate in the U.S. and beyond, so too does concern over their regulatory compliance.

Number of bitcoin ATMs in world tops 6K for first time

by Amy Castor — Editor, Networld Media Group

November 18, 2019

The number of bitcoin ATMs in the world has surpassed 6,000 for the first time, according to Coin ATM Radar, a site that tracks the machines.

How a Boston start-up became the world's largest network of bitcoin ATMs, cashiers and kiosks

by Amy Castor — Editor, Networld Media Group

At a time when buying bitcoin was full of friction, Chris Yim and Kyle Powers saw opportunity. Today, their startup LibertyX boasts the largest network of…

Australian police arrest man linked to bitcoin ATM 'scam activity'

November 12, 2019

Detectives from Australia's E-Crime Squad arrested a man Monday as part of an investigation into unregistered cryptocurrency transactions in Melbourne.

Wirex to launch multicurrency Visa Travelcard with bitcoin rewards in Asia

November 11, 2019

Wirex announced the launch of its next generation Wirex Visa Travelcard, a multi-currency card that combines crypto with fiat currency on the same payment…

5 arrested in Malaysia on charges of stealing 85 bitcoin ATMs

November 7, 2019

A gang of five were arrested Saturday after they allegedly made off with 85 bitcoin ATM machines, taken from a warehouse in the Malaysian town of Seremban.

Bitstop deploys bitcoin ATM at Miami International Airport

October 15, 2019

Bitstop has installed a bitcoin ATM at Miami International Airport in concourse G next to gate 16. Customers can use the ATM to buy or sell bitcoin for cash…

Venezuela sees its first Bitcoin ATM

September 16, 2019

A Bitcoin ATM has finally found its way to Venezuela.

Bitcoin ATM operator Coinme raises $1.5M from Ripple, VC fund

September 16, 2019

Seattle-based bitcoin kiosk and ATM provider Coinme has raised $1.5 million in a Series A-1 round that included Ripple subsidiary Xpring and the newly…

Bitcoin ATMs in Nevada now require a money transmitter license

August 30, 2019

Bitcoin ATMs in Nevada now require a state money transmitter license. 

Cops warn of bitcoin ATM scam in Canada

August 30, 2019

Fraudsters have been targeting bitcoin ATM users in Winnipeg by hanging posters saying the machines were out of use.  

California man faces life for illegally operating a Bitcoin ATM

by Amy Castor — Editor, Networld Media Group

August 27, 2019

A 25-year-old Westwood, California man has agreed to plead guilty to federal charges for illegally operating a crypto exchange and a bitcoin ATM where he…

LibertyX expands Bitcoin ATM network into the desert

by Amy Castor — Editor, Networld Media Group

LibertyX, a company that makes software that enables regular ATMs to dispense bitcoin, has partnered with independent ATM operator Desert ATM to add 9…

Spanish authorities: bitcoin ATMs expose hole in AML laws

by Amy Castor — Editor, Networld Media Group

Bitcoin ATMs, which aren't covered by anti-money laundering laws the same as banks, are making it difficult for Spanish authorities to bring down a major money…

Sheetz convenience stores pilot 6 bitcoin ATMs

July 9, 2019

Convenience store company Sheetz Inc. is partnering with Coinsource, a Texas-based ATM operator, to install bitcoin ATM machines at six of its locations in…

ATM Marketplace: June top 5

by Amy Castor — Editor, Networld Media Group

Security remains a key issue in ATM management. Cash machines are seeing changes that allow them to operate more independently. And while the bitcoin ATM…

Coinsquare partners with Just Cash to allow bitcoin buys at regular ATMs

by Amy Castor — Editor, Networld Media Group

Coinsquare, a Canadian cryptocurrency exchange, has partnered up with Just Cash to allow consumers to buy bitcoin via regular, non-bank operated ATMs in the…

Coinsource adds Dai stablecoin to Bitcoin ATM, sets sites on remittances

June 28, 2019

Coinsource, a Texas-based Bitcoin ATM operator, is adding the Dai stablecoin to its machines this summer in preparation for a full remittance service…

Bitcoin ATMs — Why Vancouver doesn't want them

by Amy Castor — Editor, Networld Media Group

Bitcoin ATMs are proliferating, like rabbits. There are now 5,000 of them around the globe. Vancouver, a city that has already felt the sting of failed crypto…

DigitalMint opens slew of Bitcoin ATMs at Circle K stores in Arizona, Nevada

June 11, 2019

DigitalMint, a Chicago-based chain of Bitcoin ATMs and teller windows, has installed bitcoin kiosks at 20 Circle K convenience stores throughout Arizona and…