News with the tag "atm"

Australia’s financial intelligence agency is cracking down on inactive crypto exchanges, warning they could be deregistered to prevent misuse by criminals. The Australian Transaction Reports and Analysis Centre — also known as AUSTRAC — said many crypto exchange providers are no longer operating, ye...

Buying cryptocurrency for the first time can seem daunting, but numerous platforms and methods have emerged to simplify the process, especially for users in India. Whether you’re looking to invest in Bitcoin, Ethereum, or explore other digital assets, understanding the easiest and most secure ways t...

Key Takeaways: NASAA president Claire McHenry will testify before the SEC on rising crypto scams and evolving fraud tactics. AI-generated deepfakes and online manipulation make it increasingly difficult for victims to detect and avoid fraud. US regulators and lawmakers push for stricter cryptocurren...

Illinois Democratic Senator Dick Durbin has announced a new bill that aims to prevent fraud associated with crypto ATMs. Americans suffered $66 million worth of losses to crypto ATM scams in the first half of 2024, according to the Federal Trade Commission (FTC). Durbin says his potential legislatio...

New legislation would mandate fraud warnings, transaction limits, and mandatory refunds for crypto ATM users, aiming to curb scams and hold operators accountable. Senators Introduce Crypto ATM Fraud Prevention Act U.S. Senator Jack Reed (D-RI) announced on Feb. 26 that he has introduced the Crypto A...

Bitcoin Depot (NASDAQ: BTM), a U.S.-based Bitcoin ATM operator has announced the acquisition of an additional 11.1 BTC as part of its ongoing treasury strategy, initially revealed in June 2024. This latest purchase follows the company’s recent acquisition of 51 bitcoin earlier this month, elevating ...

A bill to protect consumers using cryptocurrency automatic teller machines (ATMs) in the United States has been introduced in the Senate. The Crypto ATM Fraud Prevention Act bill was sponsored by Illinois Senator Dick Durbin and three other Democrats. Durbin, who has a record as a staunch opponent o...

Key Takeaways: A new legislative effort is underway to address the growing misuse of crypto ATMs by fraudsters targeting vulnerable users. The proposed measures focus on establishing clear transaction safeguards and consumer refund options to mitigate losses. Enhanced oversight and accountability fo...

Illinois Senator Dick Durbin has introduced new legislation aimed at reducing fraud at cryptocurrency ATMs, a growing concern for law enforcement agencies. The Crypto ATM Fraud Prevention Act would impose transaction limits and require additional consumer protections to prevent scams that disproport...

The world of cryptocurrency, while brimming with innovation and opportunity, also presents its share of challenges, particularly in safeguarding users from illicit activities. A growing area of concern is the rise of fraud associated with cryptocurrency ATMs. Senator Dick Durbin is stepping into the...