Bitcoin News

Urgent Crypto ATM Warning: Australian Regulator Flags Money Laundering & Fraud Risks

Hold onto your hats, crypto enthusiasts in Australia! The land Down Under, while boasting the highest number of crypto ATMs in the Asia-Pacific region, is now under the regulatory spotlight. Australia’s financial watchdog, AUSTRAC, has issued a stark warning to operators of these machines, citing serious concerns about potential links to money laundering and fraudulent […]

Blockchain News

Shocking Jail Term: UK Cracks Down on Unregistered Crypto ATM Operator in Landmark Case

In a landmark move signaling a sterner stance on cryptocurrency regulation, the UK has handed down its first-ever criminal penalty for operating an unregistered crypto platform. Olumide Osunkoya, an executive at crypto ATM firm GidiPlus, is facing four years behind bars. This shocking development sends ripples through the crypto industry, particularly highlighting the growing scrutiny […]