Coin ATM Radar cites data showing that the United States contributed the most to the statistics of the decline in service points, reporting the decommissioning of 669 devices. The main reason was the attempts to stop fraud with digital assets and the seizure of illegally installed devices.
During the same period, 59 crypto ATMs were withdrawn from circulation on the European market.
For example, in August, German police, through the Deutsche Bundesbank and the German Federal Financial Supervisory Authority (BaFin), carried out an operation to shut down a network of 13 crypto ATMs “installed in public areas without the necessary regulatory approvals.”
In early September, the Los Angeles Superior Court approved a $1,000 daily limit on crypto ATM withdrawals, which should reduce the risk of crypto fraud and protect consumers interacting with crypto services.
Source: Bits
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