Crypto ATMs: Compliance and Fraud Prevention in the New Era
Just when you thought crypto ATMs were a set-it-and-forget-it type of business, here comes the indictment of a CEO, and bam, we’re talking about compliance and fraud prevention. So what’s happening? Crypto ATMs are facing a wave of scrutiny and regulations, and it’s changing everything, including business models.
Crypto ATMs – More Than Just Machines
Crypto ATMs have been a lifeline connecting us to digital currencies, letting us buy and sell our favorite coins with the ease of a few taps. But, with great convenience comes great responsibility—or at least, more responsibility. The uptick in scams and illegal activities has got regulators looking closely, kicking off a major overhaul in how these machines function.
