Crypto-machines: Authorities are critically watching rising ATM numbers for digital currencies

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November 25 2019

Number of crypto machines is rising faster 
• Fears of increasing money laundering cases 
• Authorities impose first rules

Through crypto-ATMs (ATM stands for Automated Teller Machine), investors can easily buy crypto-currencies such as Bitcoin , Ethereum & Co. for cash at a vending machine in their everyday life at certain points of contact . Several years ago, the first of these devices was installed, since then it has been steadily increasing. A particular increase has been observed over the last one and a half years: during this period, the number of crypto-ATMs has doubled to 6,028 worldwide.