The GAO’s findings that crypto-enabled crime is rising are at odds with a new report from crypto research firm Chainalysis, which found that although crypto crime is increasing by volume, it reached an all-time low as a percentage of all blockchain transactions in 2021. In other words, as cryptocurrencies has become more mainstream, crypto crime will continue to rise, but the … [Read more...] about Government Report Suggests Tightening Regulations on Crypto ATMs
ATMs
FBI Warns of Scams Using Crypto ATMs and QR Codes
The Federal Bureau of Investigation (FBI) is warning that there has been a rise in fraudulent schemes using cryptocurrency automated teller machines (ATMs) and quick response (QR) codes to facilitate payments.The FBI said it has seen an increase in scammers directing victims to use physical crypto ATMs and QR codes to complete payment transactions.Scammers will request payment … [Read more...] about FBI Warns of Scams Using Crypto ATMs and QR Codes
FBI plans to put warning signs on Bitcoin ATMs to hinder scammers
The Cuyahoga County (U.S. state of Ohio) Scam Squad and the Federal Bureau of Investigations (FBI) have issued a public warning as scammers began to actively use Bitcoin (BTC) ATMs to defraud people, TV channel News 5 Cleveland reported on Tuesday.“Now scammers are asking you to pay in Bitcoin,” said Sheryl Harris, director of the Cuyahoga County Department of Consumer … [Read more...] about FBI plans to put warning signs on Bitcoin ATMs to hinder scammers
300 Bitcoin ATMs are coming to this crypto-friendly US state
Coinme, a cryptocurrency-to-cash exchange based in the US, entered Florida earlier this week with the launch of over 300 Bitcoin-enabled Coinstar kiosks. “For Floridians, the expansion makes buying Bitcoin with cash as simple as visiting their local grocery store,” the firm said.Excited to announce we're now live in Florida!Floridians can now purchase #bitcoin with Coinme at … [Read more...] about 300 Bitcoin ATMs are coming to this crypto-friendly US state