atm

Hawaii will implement a cryptocurrency ATM ban effective October 1, becoming the fourth state in the United States to enact such a ban, aimed at addressing the significant losses caused by digital asset fraud.

The Australian Transaction Reports and Analysis Centre (AUSTRAC) announced that it has suspended the virtual asset service provider (VASP) registration of digital asset ATM operator Cryptolink for a period of 3 months, effective from Sunday, during which its Bitcoin ATMs are not allowed to operate. AUSTRAC stated that Cryptolink failed to meet basic reporting requirements, particularly by not submitting transaction reports that meet the threshold and not responding to information requests.The agency noted that it continues to monitor Cryptolink's management of high-risk transactions processed through cryptocurrency ATMs. This action was taken following the executable commitment signed between Cryptolink and AUSTRAC in October 2025. Previously, the Cryptocurrency Taskforce found that it was suspected of late reporting of transactions and deficiencies in risk assessment, and AUSTRAC issued a penalty notice of $56,300 to it, which Cryptolink has paid. The company operates 96 ATMs in Australia, mostly located in major cities such as Sydney, Melbourne, and Brisbane.

The FBI submitted data disclosure to the legislative committee, revealing that losses related to cryptocurrency kiosks in Texas amounted to $56.8 million in 2025, involving 1,179 complaints, making it the highest loss among all states in the U.S. The total number of related complaints nationwide was 13,460, with reported losses increasing by 58% year-on-year to $389 million. Cryptocurrency kiosks can accept cash and exchange it for cryptocurrency, typically set up at gas stations and convenience stores.Statistics from the Texas Tribune show that there are about 4,000 such devices in Texas, where scammers induce victims to withdraw money from their bank accounts and deposit it into the machines. Jesse Saucillo, Deputy Commissioner of the Texas Department of Banking, stated that once funds are transferred out, recovering them is nearly impossible, as the money typically flows into unhosted wallets and then into mixers. He added that AI-generated police and state agency impersonation content makes phone inducements more deceptive.Data from AARP indicates that since 2023, approximately 30 states in the U.S. have enacted laws related to cryptocurrency kiosks. Indiana fully banned such devices in March, followed by Tennessee and Minnesota. Texas House Committee Chairman Rep. Cole Hefner stated that the state will consider measures beyond regulatory scope.

According to Binance spot market data, the market has experienced significant fluctuations. LPT has dropped by 22.01% in 24 hours, while both ATM and DODO have shown a "high surge followed by a drop" status, with declines of 10.78% and 10.63% respectively.At the same time, NOKB has increased by 6.32% in 24 hours, showing a "bottoming out and rebound" status. Among other tokens, HOLO and OGN have also shown a "high surge followed by a drop" status, with declines of 10.14% and 11.75% respectively.

The UK HM Revenue and Customs has issued a policy document proposing that starting from April 6, 2027, certain crypto asset loans and liquidity pool arrangements involving individuals and trusts will be subject to a "no gain no loss" treatment, meaning that capital gains tax will be deferred until an economic disposal occurs.

According to Bitcoin.com, a U.S. federal court has rejected CoinFlip and Private IT Corporation's request for an emergency temporary restraining order against the cryptocurrency ATM ban in Tennessee, which took effect on July 1. The court found that the plaintiffs failed to meet the legal standards for an emergency injunction, stating that although the businesses demonstrated they would suffer economic losses, it was not sufficient to outweigh the public interest represented by the state legislation.Tennessee Attorney General Jonathan Skrmetti stated that cryptocurrency ATMs are "tools for scammers targeting vulnerable residents, rarely used in any scenario approaching a legitimate purpose." The law classifies the installation or operation of cryptocurrency ATMs as a Class A misdemeanor. Tennessee, Indiana, and Vermont have fully banned cryptocurrency ATMs, Delaware is considering a similar ban, and North Carolina and Virginia have enacted stricter regulations. The constitutional challenge in the case will continue to progress, and the final ruling will determine whether the ban can be sustained in the long term.

According to Cryptopolitan, data released by law enforcement in Texas shows that residents of the state suffered financial losses totaling up to $56.8 million from cryptocurrency ATM scams in the past year. An estimated 1,200 Texas residents have fallen victim to such scams.The typical method of operation for cryptocurrency ATM scams involves scammers impersonating government agencies or company staff over the phone, falsely claiming that the victims are involved in legal issues or owe money, and demanding that victims go to a cryptocurrency ATM to convert cash into cryptocurrency and transfer it to a designated address. Due to the irreversibility of cryptocurrency transactions and a certain degree of anonymity, once the funds are transferred, it is extremely difficult to recover them. Texas has become one of the hardest-hit areas for cryptocurrency ATM scams in the United States, and state regulators are strengthening public education and prevention measures to remind residents to be vigilant against such new types of scams.

According to Cointelegraph, new regulations for cryptocurrency ATMs in Tennessee and Georgia took effect on July 1. Tennessee has implemented a comprehensive ban, while Georgia requires transaction limits and reporting obligations. Previously, Indiana enacted a ban in March, and Minnesota will enforce a similar ban on August 1. Before the ban took effect, there were about 185 cryptocurrency ATMs and kiosks operating in Tennessee. Governments in various regions have taken action due to frequent incidents of residents (especially the elderly) being scammed into transferring money through cryptocurrency ATMs. Legislators in Delaware and New Jersey have proposed similar comprehensive ban measures.

The states of Delaware and New Jersey are advancing legislation to comprehensively ban the installation and operation of Crypto ATM devices, citing that these devices are widely used for fraudulent activities. The Delaware House Economic Committee has passed a related bill that aims to prohibit the possession, installation, or operation of Crypto ATMs, requiring existing devices to be removed within 90 days after the bill takes effect; violations could result in fines of up to $10,000 and possible recovery of costs or inclusion in a consumer protection fund.Meanwhile, the New Jersey Senate Commerce Committee has also unanimously passed a similar bill, prohibiting business activities related to Crypto ATMs, with penalties for violations reaching up to $20,000. According to data from the FBI in May, complaints involving Crypto ATMs approached 13,500 in 2025, resulting in losses exceeding $388 million, a significant increase from the previous year, with more than half of the victims aged 50 and above. Currently, several states, including Indiana, Tennessee, and Minnesota, have fully banned Crypto ATMs, and some states and local governments have also imposed limits on transaction amounts.Under regulatory pressure, Crypto ATM operators are facing ongoing impacts, with industry leader Bitcoin Depot having previously filed for bankruptcy due to a deteriorating operating environment. Meanwhile, operators emphasize that they have set up risk warnings and transaction limits and deny direct responsibility for third-party fraud.

According to TenArmorAlert monitoring, the ATM tokens on the BSC chain were attacked, resulting in a loss of approximately $243,500.

Strive CEO Matt Cole stated that the company expects to increase the scale of its two ATM (At-The-Market) financing plans for ASST and SATA by $2.1 billion each, reflecting the ongoing growth in liquidity and investment demand for the two securities.Cole indicated that the adjustments demonstrate investors' continued interest in ASST and SATA. The company plans to release the latest balance sheet update before the U.S. stock market opens tomorrow, disclosing more financial and capital allocation information. The ATM financing mechanism allows publicly listed companies to gradually sell newly issued shares during market trading, enhancing financing flexibility and dynamically raising funds based on market demand.

The Internet Crime Complaint Center (IC3) under the FBI in the United States has released data showing that in 2025, IC3 received over 13,400 complaints regarding the use of cryptocurrency kiosks, with losses exceeding $388 million. Compared to 2024, the number of complaints increased by 23%, and the amount of losses increased by 58%. More than half of the complaints involved individuals over the age of 50, with losses exceeding $302 million.Cryptocurrency kiosks are devices or electronic terminals similar to ATMs that allow users to exchange cash and cryptocurrency. Criminals may lure victims into sending money through cryptocurrency kiosks. In typical complaints received by IC3 regarding cryptocurrency kiosks, criminals provide individuals with detailed instructions on how to withdraw money from banks, how to locate kiosks, and how to use the kiosks for deposits and remittances. IC3 warns that the relevant statistics pertain to scam complaints involving cryptocurrency ATMs, and the overall losses may not be solely caused by cryptocurrency ATMs alone.

Missouri Attorney General Catherine Hanaway has filed a lawsuit against CoinFlip operator GPD Holdings, accusing the cryptocurrency ATM network of facilitating fraudulent transactions while charging high fees, in violation of state consumer protection laws. Over the past two years, Missouri has reported approximately 350 cases related to cryptocurrency ATMs, with losses potentially reaching millions of dollars.The lawsuit seeks compensation for consumers, imposes a civil penalty of up to $1.826 million, and issues an injunction prohibiting the company from operating in the state.

According to Cointelegraph, Missouri Attorney General Catherine Hanaway has filed a lawsuit against cryptocurrency ATM operator CoinFlip, accusing it of "deliberately facilitating fraudulent transactions and profiting from them."The lawsuit claims that these fraudulent activities target "seniors and veterans" in the state, requesting the court to declare that CoinFlip violated the Missouri Merchandising Practices Act, prohibiting it from operating in Missouri, and imposing a $1,000 fine for each violation over the past five years, up to a maximum of $1.826 million, while also seeking restitution for consumers. CoinFlip operates 136 crypto machines in Missouri and 4,229 nationwide. Previously, Bitcoin Depot filed for Chapter 11 bankruptcy due to facing lawsuits and regulatory pressure.

According to The Block, Nasdaq-listed Bitcoin ATM operator Bitcoin Depot has filed for Chapter 11 bankruptcy in the Southern District of Texas to gradually shut down operations. CEO Alex Holmes stated that changes in the regulatory environment have made the current business model unsustainable, with states implementing stricter compliance obligations, including new transaction limits, and some jurisdictions even directly restricting or banning Bitcoin ATM operations.In April, the company experienced a security breach that resulted in the theft of $3.7 million. Last week, the company stated that there were "significant deficiencies" in cash transportation reconciliation, preventing timely delivery of the first-quarter financial report. Preliminary unaudited data shows that first-quarter revenue decreased by 49.2% year-over-year, with a net loss of $9.5 million, compared to a net profit of $12.2 million in the same period last year. The company was founded in 2016 and operates the largest Bitcoin ATM network in North America, with over 9,000 machines globally.

Binance will suspend the deposit and withdrawal services for AC Milan Fan Token (ACM), AS Roma Fan Token (ASR), Atlético de Madrid Fan Token (ATM), FC Barcelona Fan Token (BAR), Manchester City Fan Token (CITY), Juventus Fan Token (JUV), OG Fan Token (OG), and Paris Saint-Germain Fan Token (PSG) on the Chiliz Chain (CAP20) at 09:00 on May 11, 2026.After the contract swap is completed, the original tokens will be renamed to ACMOLD, ASROLD, ATMOLD, BAROLD, CITYOLD, JUVOLD, OGOLD, PSGOLD, and all old tokens will be swapped for new tokens at a ratio of 1:1.

According to Globenewswire, the Nasdaq-listed Solana treasury company DeFi Development announced the launch of a $200 million ATM financing plan.The company stated that the raised funds will primarily be used to continue executing its Solana reserve strategy and that shares will only be issued when there is a positive effect on the value of each shareholder's SOL holdings, ensuring that the financing has a "accretive" nature.

According to CBC News, the Canadian federal government has announced plans to completely ban cryptocurrency ATMs to protect the public from fraudsters.This move was formally proposed in the government's spring economic update, which characterizes cryptocurrency ATMs as "a major means for fraudsters to deceive victims and for criminals to launder money." Cryptocurrency ATMs allow users to deposit cash and exchange it for cryptocurrencies like Bitcoin, which can then be transferred to any virtual wallet globally. A previous investigative report by CBC News titled "Feeding Fraud" revealed that such machines have become a primary channel for fraudsters to obtain victims' funds in Canada. The Canadian financial intelligence agency FINTRAC also reached the same conclusion in its analysis report in February 2023.Currently, Canada has the highest number of cryptocurrency ATMs per capita in the world, with nearly 4,000 machines nationwide, but there is still a lack of specific regulatory laws for the industry. The government stated that after the ban is implemented, the public can still purchase virtual currencies through physical currency service providers.

Tennessee Governor Bill Lee has signed a bill that bans the operation of cryptocurrency ATMs statewide, becoming the second state after Indiana to implement a comprehensive ban. The bill (HB 2505) has officially taken effect and will be enforced starting July 1.According to the regulations, installing or operating "virtual currency kiosks" (i.e., Bitcoin ATMs) will be classified as a Class A misdemeanor, with a maximum penalty of one year in jail and a $2,500 fine. At the same time, merchants that allow the installation of such devices will also bear legal responsibility. Currently, most states in the U.S. have strengthened regulation through measures such as establishing licensing systems and transaction limits, but comprehensive bans remain rare. Data shows that since 2026, 30 states have proposed related legislation, with 20 states having passed laws, indicating a continued tightening of regulations against the risks of cryptocurrency ATM scams.

ZachXBT posted that it does not recommend users to use Bitcoin Depot's Bitcoin ATM service and questioned its recent allowance for a U.S. elderly fraud victim to exchange $25,000 in fiat for BTC through the ATM.ZachXBT stated that the victim was quoted at $108,000 per BTC, while the market price at that time was about $75,000, and ultimately the $25,000 only exchanged for 0.232 BTC, with an actual value of about $17,500. It also mentioned that Bitcoin Depot was recently exploited, resulting in a loss of $3.26 million, equivalent to about 54 BTC, and went unnoticed for several days.