An unnamed Bitcoin ATM provider serving the Canadian market was scammed last year across a number of the nation’s cities. Police are now seeking information regarding four suspects believed to be involved in the fraud. The four men are believed to have taken around US$145,000 from the machines over the course of 10 days in…
Following a Spanish investigation into a gang’s recently-busted money laundering operation, the nation’s police force claim to have exposed gaps in the European Union’s regulations designed to prevent money laundering. The group reportedly exploited the lack of rules regarding Bitcoin trading terminals, popularly referred to as Bitcoin ATMs. Authorities believe the criminal group used the…
El Salvador, a country that has become infamous for being the first sovereign nation to accept bitcoin as a legal tender, continues its journey through uncharted waters. To make this move a reality, the country had launched its own government-approved bitcoin wallet, Chivo for carrying out crypto transactions in the country. Encouraging residents to accept…
The first ever Bitcoin ATM has arrived in Shropshire, U.K. The machine has been installed in the Red Lion Service Station by Church Stretton-based Bitchains. Bitchains Plans Rural Expansion Before Heading to Major Cities In what is a first for the county of Shropshire, a Bitcoin ATM has been installed at a petrol station in…
Australian police have been informed of a scam in which the perpetrators are requesting people deposit funds for them at cryptocurrency ATMs. It is thought that those behind the scam are targeting newly-arrived migrants who are unsure if such requests are genuine since they are navigating an entirely foreign system of taxation for the first…
Crypto-related crimes have been on the rise in Spain in recent times. The most recent incident is the case of a stolen Bitcoin ATM in Barcelona. Related Reading | Data Shows Crypto Hacks And Fraud In 2021 Are On Track For A New Record Bitcoin ATMs are kiosks that allow a person to purchase Bitcoin and…