Bitcoin ATM

Canada Pushes for Crypto Regulation

November 8, 2019
The central bank in Canada has been working with partners around the world to explore the potential for blockchain in the future. Ernst & Young plans to test a public government expenditure blockchain in Toronto. Mainstream adoption and use of crypto has been growing in Canada steadily since 2013. At that point, Canada started pushing

New Bitcoin ATM Location Pops Up in Miami International Airport by Bitstop

October 23, 2019
Bitstop has recently installed a Bitcoin (BTC) ATM machine on the Miami International Airport. This marks an important milestone as the airport has never had such a machine before, despite how common they are found across the U.S. According to the company, this was a strategic location to set up a BTC ATM. This is one of

Venezuelan Central Bank is Considering Holding Bitcoin and Ether

September 30, 2019
Venezuela’s central bank is exploring the possibilities of holding Bitcoin (BTC) and Ether (ETH) in its coffers, according to anonymous sources who reportedly have direct insights into the matter. Can the central bank store Bitcoin and Ether? According to a Sept. 26 Bloomberg article, the central bank of Venezuela is taking a closer look at

Nevada Regulators Say Bitcoin ATMs Will Need License to Operate

September 5, 2019
Bitcoin (BTC) and cryptocurrency ATMs need a licensing scheme, authorities in the state of Nevada have officially announced. Bitcoin ATM operators must contact authorities In a statement first reported on by local news media outlet Nevada Current on Aug. 28, the state’s finance regulator, the Financial Institutions Division of the Department of Business and Industry

There Are Now More Than 5,000 Bitcoin ATMs Around the World

July 4, 2019
The total number of bitcoin ATMs (BTMs) worldwide reached 5,000 for the first time, monitoring resource CoinATMRadar confirmed on June 24. According to the latest statistics, there are now 5,006 standalone BTMs in around 90 countries, where cryptocurrency users can buy or sell bitcoin (BTC). Some machines offer both services simultaneously. The data caps a protracted period of growth

ATM bitcoin payments via lightning network becomes a reality

April 2, 2019
On March 31, 2019, Weis publicly demonstrated a transaction via Lightning Network at a bitcoin ATM, during the Lightning Hackday, in Hong Kong. The crypto industry is becoming increasingly enthusiastic about the Lightning Network because it offers to drastically lower BTC’s transaction fees while making it possible to execute near-instant transactions. Moreover, the demonstration of

Dubai First Bitcoin ATM Gets Removed Just 2 Days After Its Launch

March 29, 2019
Dubai’s first Bitcoin ATM, installed on March 19, was removed just 2 days after its launch, due to lack of AML/KYC obligations for the purchasing of Bitcoin (BTC). Earlier this week, IIB reported on the launch of Dubai’s first Bitcoin ATM, highlighting its most intriguing aspect — that users could purchase Bitcoin with cash while staying completely anonymous,