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Crypto ATMs Surpass 10,000 Globally, Showing 87% Surge In The Past Year

AksjeBloggen, a Norwegian financial services company, has recently made an article about the matter. In this article, the company highlighted how the past year had seen crypto ATMs spike in number by a factor of 87%, having previously recorded 5336 ATMs in total back in  September of 2019. However, in 2020 alone, almost 3,900 new crypto ATMs were added into the fold. CoinATMRadar, a monitoring resource for crypto ATMs in general, made it clear that 71 countries across the world had a hefty 10,014 ATMs spread across them. These ATMs allow users to buy or sell cryptocurrencies such as Bitcoin…

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Bitcoin ATMs surge by 87% in past year to surpass 10,000 globally

2020 has witnessed a surge in the number of ATMs supporting digital coins. The total number of Bitcoin ATMs has now passed 10,000 worldwide. According to Norwegian financial services company AksjeBloggen, the number of Bitcoin ATMs (BTMs) has jumped 87% in the past year, from the 5336 recorded in September 2019. In 2020 alone, nearly 3,900 new ATMs were added. Monitoring resource CoinATMRadar shows there are currently 10,014 ATMs in 71 countries allowing users to buy and sell Bitcoin (BTC) and altcoins for cash.  “2020 has witnessed a surge in the number of ATMs supporting digital coins,” stated the AksjeBloggen…

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Owning a Bitcoin ATM is about to get a lot harder in Germany

Blockchain regulation continues to increase and it isn't likely to slow down any time soon. In an effort to increase the country's legal overwatch, Germany now says Bitcoin (BTC) ATMs require regulatory approval before they are allowed to operate. ATMs that offer assets such as Litecoin and Bitcoin now requires a license from Germany's financial regulator, BaFin, a Sept. 8 statement from the entity said.  "Proprietary trading is a financial service and financial commission business is a banking business, for which prior approval from BaFin is required." This does not appear so much as a new ruling as it does…

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Germany Imposes Licensing Requirement on Bitcoin ATM Operators  

The cryptocurrency Automated Teller Machine (ATM) space is growing at an impressive pace, with thousands of devices manufactured and installed yearly. However, their propensity to facilitate possible cybercrime has led to countries’ financial regulators turning their attention to the tools. No More Leeway The latest country to be doing so is Germany, as the Federal Financial Supervisory Authority (BaFin) has now mandated that any company looking to install Bitcoin ATMs will need to seek approval from it first.  According to a press release published earlier this week, BaFin explained that ATM operators would need to seek approval to operate in Germany,…

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Cryptocurrency On-Ramps and Off-Ramps, Explained

On-ramps and off-ramps are key components to bringing new users and new money into the crypto space, but not all are created equal. What are some of the biggest providers offering these services?There’s no shortage of options for on-ramps and off-ramps, including some of the most well known names in the industry.Starting with custodial exchanges, big-name companies such as Coinbase and Binance all offer purchases of cryptocurrency with a debit card, as well as a variety of options for moving fiat off-exchange. This can be ideal for those looking to get their hands on some assets to trade. However, there…

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Hong Kong Authorities Apprehend Bitcoin ATM Thieves Who Stole $30,000

Showing up in person to steal cash from a digital asset machine? Authorities recently took three men into custody following their alleged swindling of $226,000 in Hong Kong dollars from Bitcoin (BTC) ATMs in the territory. The apprehended male trio, ranging from age 26 to age 55, allegedly exploited six different Bitcoin ATM machines, manipulating them to cough up the Hong Kong dollar equivalent of roughly $30,000 U.S. dollars, an article from the South China Morning Post detailed on Aug. 15. The alleged robbers took the cash out across 11 transactions. Authorities think the three males in question reportedly make up part…

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German Financial Regulator Shuts Down “Shitcoins Club” Operations 

Germany appears to be cleansing its crypto automated teller machine (ATM) industry, as a controversial manufacturer has had its operations shut. Yesterday, industry news source CoinDesk reported that the Federal Financial Supervisory Authority (BaFin) had started shutting the operations of “Shitcoins Club” and seizing its ATMs. Permanent Shutdown for Shitcoins Club Citing an agency official, the news source confirmed that BaFin had ordered Shitcoins Club’s parent company, KKT UG, to cease operating in the country since February. However, the firm, along with its chief executive Adam Gramowski, kept the firm running. The shutdown from earlier this year was a result of…

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Bitcoin is the Future of Sports

What does this mean? You may be wondering what Bitcoin has to do with sports. It is crazy to think that you can now buy sports merchandise and even tickets using Bitcoin. Could this mean future btc atm locations inside sports stadiums? This could completely change the way that we interact with cryptocurrency and sports. Where is this happening? Last year, there was a big rumor going around that the Dallas Mavericks were going to add Bitcoin as a form of payment for tickets and gear. Fans are now able to use Bitcoin to make purchases! The Dallas Mavericks are…

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Bitcoin Expansion: An Increase in ATMs

What is a Bitcoin ATM? Bitcoin ATMs (or BTMs) are continuing to grow and expand all over the United States. This allows for convenient locations in small and major cities all over. Our BTMs make bitcoin transactions fast and easy. All you need is a phone number and ID (No extra documents). Our machines allow you to pay with cash and you are able to send to any bitcoin wallet. If you want to learn more about what a Bitcoin ATM is we have tutorials on our Youtube channel! Where can you find a Bitcoin ATM? One of the best parts…

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