ATMs

Cryptocurrency ATMs should adjust to cash laundering guidelines, FSC says

By Kao Shih-ching / Employees reporter Suppliers of automated teller machines (ATMs) that permit folks to buy cryptocurrencies with money should adjust to anti-money laundering (AML) rules and conduct know-your-customer (KYC) practices, or face a penalty, the Monetary Supervisory Fee (FSC) stated yesterday. The FSC made the remarks following a virtually month-long investigation after Chinese …

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Studies Present Authorities Intends To Indicate Stricter Laws On Cryptocurrency ATMs

In a press launch yesterday, the federal company said that crypto kiosks, or cryptocurrency ATMs, performed a serious function within the growing crimes. America GAO (Authorities Accountability Workplace) blames crypto kiosks for growing drug trafficking and human trafficking. Their purpose, nevertheless, was that cryptocurrency ATMs aren’t as restricted as crypto exchanges, making their transactions tougher …

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Singapore shuts down all crypto ATMs

The Financial Authority of Singapore has shut down all cryptocurrency ATMs within the city-state following its latest tips on avoiding promoting crypto companies to the general public. “To adjust to the sudden announcement, we’ve got ceased to supply purchase or promote companies by way of our 5 ATMs whereas searching for additional clarification from the …

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Cryptocurrency ATMs Shut Down in Singapore Following Central Financial institution’s Announcement – Regulation Bitcoin Information

Cryptocurrency ATMs have closed down in Singapore following the rules issued by the central financial institution, the Financial Authority of Singapore (MAS). “To adjust to the sudden announcement, now we have ceased to supply purchase or promote companies through our 5 ATMs whereas looking for additional clarification from the MAS,” stated one crypto ATM operator. …

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Cryptocurrency ATMs meting out Bitcoin, Ether stopped in Singapore after crackdown

Cryptocurrency ATMs, one seen reminder of Singaporeans’ rising urge for food for digital tokens, are being closed down. Cryptocurrency ATMs, one seen reminder of Singaporeans’ rising urge for food for digital tokens, are being closed down because the city-state strikes to dramatically restrict shopper advertising of crypto.  Daenerys & Co., Singapore’s largest operator of the …

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NCR Acquires LibertyX and Integrates Crypto Companies Into 750K ATMs Globally

Bitcoin and cryptocurrencies are one step nearer to mainstream adoption as NCR Company, a number one producer of automated teller machines (ATMs), has enabled clients to purchase and promote crypto property on its greater than 750k ATMs and digital touchpoints throughout 140 nations. NCR Acquires Crypto Agency LibertyX The event comes after NCR introduced the …

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