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Nebraska Enacts Law to Safeguard Bitcoin ATM Users
$BTC
In a significant move toward enhancing cryptocurrency security, Nebraska Governor Jim Pillen has signed a groundbreaking bill into law aimed at protecting users of Bitcoin ATMs and electronic kiosks. This legislation is a key step in strengthening consumer safety and promoting a more secure and regulated crypto environment within the state.
Boosting Security for Digital Transactions
As the adoption of Bitcoin and other digital assets accelerates, concerns surrounding security risks, fraud, and unauthorized transactions have grown. Nebraska’s new law directly addresses these challenges by introducing stronger protections for individuals using crypto ATMs, ensuring that transactions remain secure, transparent, and safeguarded against malicious activity. This initiative places Nebraska among the leading states advocating for safer digital finance solutions.
A Crypto-Friendly Approach to Regulation
Governor Pillen’s decision to approve this bill demonstrates Nebraska’s commitment to fostering innovation in the blockchain and cryptocurrency sector. By implementing forward-thinking regulations, the state is positioning itself as a hub for digital asset advancements and crypto-friendly policies. As more states recognize the importance of integrating crypto into mainstream financial systems, Nebraska’s move could set a precedent for future regulatory frameworks across the U.S. 🚀
#Bitcoin #CryptoRegulation #Blockchain #BitcoinATM #Nebraska
$BTC
In a significant move toward enhancing cryptocurrency security, Nebraska Governor Jim Pillen has signed a groundbreaking bill into law aimed at protecting users of Bitcoin ATMs and electronic kiosks. This legislation is a key step in strengthening consumer safety and promoting a more secure and regulated crypto environment within the state.
Boosting Security for Digital Transactions
As the adoption of Bitcoin and other digital assets accelerates, concerns surrounding security risks, fraud, and unauthorized transactions have grown. Nebraska’s new law directly addresses these challenges by introducing stronger protections for individuals using crypto ATMs, ensuring that transactions remain secure, transparent, and safeguarded against malicious activity. This initiative places Nebraska among the leading states advocating for safer digital finance solutions.
A Crypto-Friendly Approach to Regulation
Governor Pillen’s decision to approve this bill demonstrates Nebraska’s commitment to fostering innovation in the blockchain and cryptocurrency sector. By implementing forward-thinking regulations, the state is positioning itself as a hub for digital asset advancements and crypto-friendly policies. As more states recognize the importance of integrating crypto into mainstream financial systems, Nebraska’s move could set a precedent for future regulatory frameworks across the U.S. 🚀
#Bitcoin #CryptoRegulation #Blockchain #BitcoinATM #Nebraska
🔔🔔NEWS ALERT🔔🔔
🔥🔥Nebraska Enacts Law to Regulate Bitcoin ATMs and Prevent Fraud🔥🔥🔥
According to PANews, Nebraska Governor Jim Pillen signed the LB609 bill on March 12, 2025. This legislation aims to regulate Bitcoin ATMs and other electronic transaction terminals to prevent fraud and ensure the safety of users' funds. The bill is part of the Controllable Electronic Record Fraud Prevention Act.
#BitcoinATM #nebraska #BİNANCE #USTariffs $BTC
$XRP
$ETH
🔥🔥Nebraska Enacts Law to Regulate Bitcoin ATMs and Prevent Fraud🔥🔥🔥
According to PANews, Nebraska Governor Jim Pillen signed the LB609 bill on March 12, 2025. This legislation aims to regulate Bitcoin ATMs and other electronic transaction terminals to prevent fraud and ensure the safety of users' funds. The bill is part of the Controllable Electronic Record Fraud Prevention Act.
#BitcoinATM #nebraska #BİNANCE #USTariffs $BTC
$XRP
$ETH
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🔒 Bitcoin ATMs Under Attack: Byte Federal Reports Serious Data Breach! 😱
Friends, hold on tight! One of the largest operators of Bitcoin ATMs in the USA, Byte Federal, has reported the compromise of personal data of 58,000 customers. 😬
📅 What happened?
The breach occurred on September 30, but it was only discovered on November 18. 😓 Personal names, addresses, social security numbers, and even transaction data have fallen into the hands of criminals. All this due to a vulnerability in third-party software.
⚠️ Who is affected?
Anyone who has used Byte Federal Bitcoin ATMs may be at risk. This incident once again highlights the importance of data protection in the crypto industry.
What to do?
1. 🔑 Check your accounts for suspicious activity.
2. 🛡️ Update your passwords and enable two-factor authentication.
3. 🚨 Be cautious of suspicious calls and emails!
Byte Federal is already working on a solution to the problem, but this case makes us ponder: do we trust our data to reliable platforms? 💭
Share your thoughts in the comments! 👇
#CryptoSecurity
#BitcoinATM
#CryptoNews
#PrivacyMatters
Friends, hold on tight! One of the largest operators of Bitcoin ATMs in the USA, Byte Federal, has reported the compromise of personal data of 58,000 customers. 😬
📅 What happened?
The breach occurred on September 30, but it was only discovered on November 18. 😓 Personal names, addresses, social security numbers, and even transaction data have fallen into the hands of criminals. All this due to a vulnerability in third-party software.
⚠️ Who is affected?
Anyone who has used Byte Federal Bitcoin ATMs may be at risk. This incident once again highlights the importance of data protection in the crypto industry.
What to do?
1. 🔑 Check your accounts for suspicious activity.
2. 🛡️ Update your passwords and enable two-factor authentication.
3. 🚨 Be cautious of suspicious calls and emails!
Byte Federal is already working on a solution to the problem, but this case makes us ponder: do we trust our data to reliable platforms? 💭
Share your thoughts in the comments! 👇
#CryptoSecurity
#BitcoinATM
#CryptoNews
#PrivacyMatters
⛔ Over 600 BITCOIN ATMs Shut Down Globally in 2 Months
In a significant regulatory push, over 600 Bitcoin ATMs have gone offline worldwide in the first two months of Q3 2024, with the majority of shutdowns occurring in the United States. This move is part of a broader crackdown by law enforcement on ATMs involved in extortion and scams.
July: 435 machines shut down
August: 182 machines shut down
United States: Accounted for 411 shutdowns in July and 258 in August
Regulatory Actions: In response to the rising concerns about Bitcoin ATM misuse, local and national authorities are stepping up efforts to regulate these machines. For instance, Chico, California is considering treating Bitcoin ATMs similarly to banks, as discussed by Andy Pickett, chief administrative officer of Butte County.
Scam Concerns: The Federal Trade Commission (FTC) has reported a tenfold increase in Bitcoin ATM scams since 2020. In 2023 alone, losses from these scams exceeded $110 million, with older individuals being particularly targeted. These scams often involve fraudsters misleading victims into transferring funds through Bitcoin ATMs.
Current Landscape: As of September 5, Coin ATM Radar data shows there are approximately 38,790 crypto ATMs globally. The US and Canada collectively account for about 91% of these ATMs. The top 10 operators manage 74% of the total machines, with Bitcoin Depot operating the largest number of ATMs and implementing scam warnings on its kiosks.
International Crackdowns: In Europe, Germany's Federal Financial Supervisory Authority recently seized 13 crypto ATMs from 35 locations, emphasizing the need for rigorous Know Your Customer (KYC) controls for transactions above 10,000 euros. Similarly, Singapore has banned crypto ATMs as part of a broader regulatory effort.
What do you think about this?
👇 Drop a comment below and follow @Professor Mende - Bonuz Ecosystem Founder for more updates!
#atm #bitcoinatm #BNBChainMemeCoin #CryptoMarketMoves $TON
In a significant regulatory push, over 600 Bitcoin ATMs have gone offline worldwide in the first two months of Q3 2024, with the majority of shutdowns occurring in the United States. This move is part of a broader crackdown by law enforcement on ATMs involved in extortion and scams.
July: 435 machines shut down
August: 182 machines shut down
United States: Accounted for 411 shutdowns in July and 258 in August
Regulatory Actions: In response to the rising concerns about Bitcoin ATM misuse, local and national authorities are stepping up efforts to regulate these machines. For instance, Chico, California is considering treating Bitcoin ATMs similarly to banks, as discussed by Andy Pickett, chief administrative officer of Butte County.
Scam Concerns: The Federal Trade Commission (FTC) has reported a tenfold increase in Bitcoin ATM scams since 2020. In 2023 alone, losses from these scams exceeded $110 million, with older individuals being particularly targeted. These scams often involve fraudsters misleading victims into transferring funds through Bitcoin ATMs.
Current Landscape: As of September 5, Coin ATM Radar data shows there are approximately 38,790 crypto ATMs globally. The US and Canada collectively account for about 91% of these ATMs. The top 10 operators manage 74% of the total machines, with Bitcoin Depot operating the largest number of ATMs and implementing scam warnings on its kiosks.
International Crackdowns: In Europe, Germany's Federal Financial Supervisory Authority recently seized 13 crypto ATMs from 35 locations, emphasizing the need for rigorous Know Your Customer (KYC) controls for transactions above 10,000 euros. Similarly, Singapore has banned crypto ATMs as part of a broader regulatory effort.
What do you think about this?
👇 Drop a comment below and follow @Professor Mende - Bonuz Ecosystem Founder for more updates!
#atm #bitcoinatm #BNBChainMemeCoin #CryptoMarketMoves $TON
Bitcoin Depot strengthens its crypto position with a $5M Bitcoin purchase—71.5 BTC and counting!
$BTC
🚀 Bitcoin Depot Expands Its Bitcoin Holdings with $5 Million Acquisition! 🚀
Bitcoin Depot (NASDAQ: BTM), the top Bitcoin ATM operator in North America, has just made a strategic move by purchasing 51 BTC, valued at $5 million. This brings their total Bitcoin holdings to 71.5 BTC.
With 8,400+ self-service terminals across North America, Bitcoin Depot is strengthening its leadership in the crypto space. 🔥
Stay tuned as the company continues to grow and shape the future of cryptocurrency! 💥
#bitcoin #crypto #BitcoinDunyamiz #BitcoinATM #FinancialStrategy
$BTC
🚀 Bitcoin Depot Expands Its Bitcoin Holdings with $5 Million Acquisition! 🚀
Bitcoin Depot (NASDAQ: BTM), the top Bitcoin ATM operator in North America, has just made a strategic move by purchasing 51 BTC, valued at $5 million. This brings their total Bitcoin holdings to 71.5 BTC.
With 8,400+ self-service terminals across North America, Bitcoin Depot is strengthening its leadership in the crypto space. 🔥
Stay tuned as the company continues to grow and shape the future of cryptocurrency! 💥
#bitcoin #crypto #BitcoinDunyamiz #BitcoinATM #FinancialStrategy
Discover the convenience of Bitcoin ATMs!
These innovative machines let you buy Bitcoin using cash or debit cards, just like a traditional ATM.
Want to explore the world of crypto? Find out where to locate Bitcoin ATMs and how to use them! #BitcoinATM #crypto
These innovative machines let you buy Bitcoin using cash or debit cards, just like a traditional ATM.
Want to explore the world of crypto? Find out where to locate Bitcoin ATMs and how to use them! #BitcoinATM #crypto
JUST IN:** Byte Federal, a major Bitcoin ATM provider in the US, has reported a data breach. Personal information of about 58,000 users may have been exposed, according to TechCrunch.
#databreach #BitcoinATM
#databreach #BitcoinATM
#poland Enters Top 5 #bitcoin ATM Nations!
Poland has overtaken El Salvador as the 5th largest Bitcoin ATM hub with 219 active machines, adding 10 new ATMs on Jan 27
alone.
🔹 Key Highlights:
*/ Rapid Growth: Poland installed 24 ATMs since October 2024,
showing strong crypto adoption.
*/ Global ATM Rankings: U.S. and Canada lead, followed by
Spain, Australia, and now Poland.
*/ El Salvador, once 3rd in 2022, now ranks 6th as ATM
expansion slows.
Over 38,000 $BTC ATMs now operate across 65 countries, driving global crypto accessibility!
#BitcoinATM #Write2Earn
Poland has overtaken El Salvador as the 5th largest Bitcoin ATM hub with 219 active machines, adding 10 new ATMs on Jan 27
alone.
🔹 Key Highlights:
*/ Rapid Growth: Poland installed 24 ATMs since October 2024,
showing strong crypto adoption.
*/ Global ATM Rankings: U.S. and Canada lead, followed by
Spain, Australia, and now Poland.
*/ El Salvador, once 3rd in 2022, now ranks 6th as ATM
expansion slows.
Over 38,000 $BTC ATMs now operate across 65 countries, driving global crypto accessibility!
#BitcoinATM #Write2Earn
#bitcoinatm #revolution $BTC
A Bitcoin ATM is a kiosk that allows users to buy or sell Bitcoin and, in some cases, other cryptocurrencies using cash or debit cards. These machines are connected to the internet and enable users to conduct transactions quickly without needing a traditional bank. They work in two primary ways:
1. Buy Bitcoin: Insert cash, and the Bitcoin is sent to your digital wallet.
2. Sell Bitcoin: Send Bitcoin from your wallet, and the machine dispenses cash.
Bitcoin ATMs are commonly found in convenience stores, malls, or other public locations. Depending on the provider, the fees can range from 5% to 12% for transactions.
Popular Bitcoin ATM operators include CoinFlip, Bitstop, and CoinCloud. Websites like CoinATMRadar can help you find Bitcoin ATMs near you.
A Bitcoin ATM is a kiosk that allows users to buy or sell Bitcoin and, in some cases, other cryptocurrencies using cash or debit cards. These machines are connected to the internet and enable users to conduct transactions quickly without needing a traditional bank. They work in two primary ways:
1. Buy Bitcoin: Insert cash, and the Bitcoin is sent to your digital wallet.
2. Sell Bitcoin: Send Bitcoin from your wallet, and the machine dispenses cash.
Bitcoin ATMs are commonly found in convenience stores, malls, or other public locations. Depending on the provider, the fees can range from 5% to 12% for transactions.
Popular Bitcoin ATM operators include CoinFlip, Bitstop, and CoinCloud. Websites like CoinATMRadar can help you find Bitcoin ATMs near you.
What Are Bitcoin ATMs?
Key Takeaways
Bitcoin ATMs (or BTMs) allow users to buy and sell bitcoin (and sometimes other cryptocurrencies) by using either cash or debit cards.
If you are new to crypto, you will need to set up a crypto wallet before using a Bitcoin ATM.
Bitcoin ATMs are easy to use but charge high fees, typically much more than online alternatives, with costs sometimes reaching up to 20% per transaction.
What Is a Bitcoin ATM?
Ever wonder how you can buy bitcoin using good old-fashioned cash? That’s where Bitcoin ATMs come into play!
A Bitcoin ATM is exactly what it sounds like—an automated teller machine for bitcoin (BTC). It’s a physical machine, usually found in public places, that lets you buy or sell BTC (and sometimes other cryptocurrencies) in exchange for cash or a debit card payment. It’s like your traditional bank ATM, except it connects you to the exciting world of crypto instead of your regular bank.
How Do Bitcoin ATMs Work?
Bitcoin ATMs are pretty straightforward. To buy bitcoin, you insert cash into the machine, scan your wallet QR code, and the ATM will automatically transfer the BTC to your wallet address. We will cover the steps in more detail below, but keep in mind that you will need to set up a crypto wallet if you haven’t already.
Depending on the location, Bitcoin ATMs may offer both buying and selling services. However, some Bitcoin ATMs will only allow you to buy, and others will only allow you to sell.
If the ATM allows you to sell bitcoin, you can do it by sending the coins from your wallet to the address provided by the machine. Once the transaction is confirmed on the blockchain (which might take a while), the ATM will release the cash. Just make sure you know whether the ATM you’re using supports selling.
#BitcoinATM
$BTC
Bitcoin ATMs (or BTMs) allow users to buy and sell bitcoin (and sometimes other cryptocurrencies) by using either cash or debit cards.
If you are new to crypto, you will need to set up a crypto wallet before using a Bitcoin ATM.
Bitcoin ATMs are easy to use but charge high fees, typically much more than online alternatives, with costs sometimes reaching up to 20% per transaction.
What Is a Bitcoin ATM?
Ever wonder how you can buy bitcoin using good old-fashioned cash? That’s where Bitcoin ATMs come into play!
A Bitcoin ATM is exactly what it sounds like—an automated teller machine for bitcoin (BTC). It’s a physical machine, usually found in public places, that lets you buy or sell BTC (and sometimes other cryptocurrencies) in exchange for cash or a debit card payment. It’s like your traditional bank ATM, except it connects you to the exciting world of crypto instead of your regular bank.
How Do Bitcoin ATMs Work?
Bitcoin ATMs are pretty straightforward. To buy bitcoin, you insert cash into the machine, scan your wallet QR code, and the ATM will automatically transfer the BTC to your wallet address. We will cover the steps in more detail below, but keep in mind that you will need to set up a crypto wallet if you haven’t already.
Depending on the location, Bitcoin ATMs may offer both buying and selling services. However, some Bitcoin ATMs will only allow you to buy, and others will only allow you to sell.
If the ATM allows you to sell bitcoin, you can do it by sending the coins from your wallet to the address provided by the machine. Once the transaction is confirmed on the blockchain (which might take a while), the ATM will release the cash. Just make sure you know whether the ATM you’re using supports selling.
#BitcoinATM
$BTC
UK Trader Pleads Not Guilty in First Illegal Crypto ATM Case
Habibur Rahman, a crypto trader from East Ham, London, has pleaded not guilty to charges related to running an illegal crypto ATM business and laundering £300,000 (about $395,000) in criminal cash.
Rahman was arrested in April 2023 after police raided his mobile phone shop in Chatham, Kent, where they seized several crypto ATMs. According to the BBC, a spokesperson for Kent Police confirmed the details. The Financial Conduct Authority (FCA) requires all crypto ATM operators to register with them, a rule Rahman allegedly ignored.
In his court appearance at Medway Magistrates’ Court, Rahman faced charges for operating an unregulated business and illegally converting cash to cryptocurrency between April and June 2022. Matthew Long, the FCA’s director of payments and digital assets, emphasized the risks of using these machines, warning that customers might be unwittingly giving their money to criminals.
This case is part of a broader crackdown by the FCA on unregistered crypto activities. Recently, another London trader, Olumide Osunkoya, was charged with operating multiple illegal crypto ATMs that processed £2.6 million (around $3.4 million) in transactions. Osunkoya has since pleaded guilty to five offenses, marking the first conviction of its kind in the UK.
As the FCA ramps up its enforcement efforts, this case highlights the need for regulatory oversight in the cryptocurrency sector to protect consumers and maintain financial integrity.
#bitcoinatm #BTC #bitcoin #traders #WeAreAllSatoshi
$BTC
Rahman was arrested in April 2023 after police raided his mobile phone shop in Chatham, Kent, where they seized several crypto ATMs. According to the BBC, a spokesperson for Kent Police confirmed the details. The Financial Conduct Authority (FCA) requires all crypto ATM operators to register with them, a rule Rahman allegedly ignored.
In his court appearance at Medway Magistrates’ Court, Rahman faced charges for operating an unregulated business and illegally converting cash to cryptocurrency between April and June 2022. Matthew Long, the FCA’s director of payments and digital assets, emphasized the risks of using these machines, warning that customers might be unwittingly giving their money to criminals.
This case is part of a broader crackdown by the FCA on unregistered crypto activities. Recently, another London trader, Olumide Osunkoya, was charged with operating multiple illegal crypto ATMs that processed £2.6 million (around $3.4 million) in transactions. Osunkoya has since pleaded guilty to five offenses, marking the first conviction of its kind in the UK.
As the FCA ramps up its enforcement efforts, this case highlights the need for regulatory oversight in the cryptocurrency sector to protect consumers and maintain financial integrity.
#bitcoinatm #BTC #bitcoin #traders #WeAreAllSatoshi
$BTC
🚨 FCA Charges Man for Operating Illegal Crypto ATMs Processing $3.4M!
In a groundbreaking move, the U.K.’s Financial Conduct Authority (FCA) has charged a London man, Olumide Osunkoya, for operating unregistered crypto ATMs that processed £2.6 million ($3.4M) in transactions between December 2021 and September 2023. This marks the first criminal prosecution of its kind in the U.K.
The FCA accused Osunkoya of running multiple crypto ATMs without proper registration, violating the Money Laundering, Terrorist Financing, and Transfer of Funds Regulations 2017.
FCA's Warning: "If you're using a crypto ATM, you're handing your money to criminals," said Therese Chambers, FCA’s executive director of enforcement. She emphasized the risks of illegal crypto ATMs, often used for money laundering. Crypto ATMs, which allow users to buy or convert money into crypto, require FCA approval. As of today, no crypto ATMs are operating legally in the U.K. The FCA, along with law enforcement, has intensified efforts to crack down on these illegal operations.
Osunkoya is set to appear in court on Sept. 30. Globally, the Bitcoin ATM market has exploded, with over 38,000 Bitcoin ATMs worldwide as of August, despite being down from a peak in late 2022.
Takeaway: This case serves as a warning for both crypto users and operators in the U.K. The FCA is on a mission to eliminate unregulated activities, urging users to be aware of the risks in the crypto space.
Follow @Professor Mende - Bonuz Ecosystem Founder for more!
#bitcoinatm #btc #bitcoin #ATMUSDT #uk
$BTC
In a groundbreaking move, the U.K.’s Financial Conduct Authority (FCA) has charged a London man, Olumide Osunkoya, for operating unregistered crypto ATMs that processed £2.6 million ($3.4M) in transactions between December 2021 and September 2023. This marks the first criminal prosecution of its kind in the U.K.
The FCA accused Osunkoya of running multiple crypto ATMs without proper registration, violating the Money Laundering, Terrorist Financing, and Transfer of Funds Regulations 2017.
FCA's Warning: "If you're using a crypto ATM, you're handing your money to criminals," said Therese Chambers, FCA’s executive director of enforcement. She emphasized the risks of illegal crypto ATMs, often used for money laundering. Crypto ATMs, which allow users to buy or convert money into crypto, require FCA approval. As of today, no crypto ATMs are operating legally in the U.K. The FCA, along with law enforcement, has intensified efforts to crack down on these illegal operations.
Osunkoya is set to appear in court on Sept. 30. Globally, the Bitcoin ATM market has exploded, with over 38,000 Bitcoin ATMs worldwide as of August, despite being down from a peak in late 2022.
Takeaway: This case serves as a warning for both crypto users and operators in the U.K. The FCA is on a mission to eliminate unregulated activities, urging users to be aware of the risks in the crypto space.
Follow @Professor Mende - Bonuz Ecosystem Founder for more!
#bitcoinatm #btc #bitcoin #ATMUSDT #uk
$BTC
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