ATMs
Royal Farms has installed Bitstop multi-asset crypto kiosks at all 310 of its locations across several states, expanding in-store access to digital assets. The rollout aims to simplify on-ramps and broaden everyday engagement with crypto.
Bitcoin Depot has launched its first international Bitcoin ATMs in Hong Kong and says it aims to become a leading Bitcoin ATM operator across Asia.
Minnesota cities are increasingly regulating cryptocurrency ATMs as scams rise, with over 5,500 fraud cases reported in 2023. Areas like Stillwater have banned the kiosks, while others consider stricter rules due to concerns over high fees and limited utility.
Several Minnesota cities are taking action against cryptocurrency ATMs due to a dramatic increase in scams, particularly targeting seniors. Large sums of money have been lost in these scams, prompting cities like Stillwater and Forest Lake to impose strict regulations or bans on these machines. Companies in the crypto industry are pushing back against these measures.