Bloomberg, Coinsource Report Indicates Bitcoin ATMs Are Money Laundering Vehicles

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December 17 2018

Bloomberg recently released a comprehensive report about how bitcoin ATMs are being used for the purpose of money laundering activities.

In this report, it highlights just how easy it is to buy bitcoin without even presenting the required means of identification as mandated by the law.

In fact, the report indicted many of these bitcoin ATM (BTM) outlets on their sometimes flagrant disregard for a tighter identity requirement, stating that they may be at risk of collusion in money laundering schemes.