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Aussie Financial Watchdog Imposes New Restrictions on Crypto ATM Operators

Fintech News

Australias financial intelligence agency AUSTRAC has introduced new restrictions on crypto ATM operators and refused to renew the registration of one crypto ATM provider, Harros Empires, citing ongoing risks of criminal exploitation. He warned that once funds are transferred through such channels, recovery is nearly impossible.

ATM
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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Payment Method Description Processing Time Cost Use Cases Popular Examples Credit Cards Bank-issued cards for borrowing funds Instant Varies (2-3% for merchants) E-commerce, retail, travel Visa, Mastercard, American Express Debit Cards Draws directly from user’s bank account Instant Low to none for consumers Everyday purchases, ATMs, retail Visa Debit, (..)

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FV Bank Announces Launch of VISA Debit and Corporate Expense Cards

Fintech Finance

As a principal member of VISA, FV Bank Visa debit cards support transactions across millions of merchants and ATMs globally, allowing for payments via magstripe, chip, and contactless options. Withdraw cash from ATMs globally.

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Kraken Secures Restricted Dealer Registration in Canada, Following Local Crypto Growth

The Fintech Times

The news comes after Canada has played a significant role in supporting global crypto adoption, having been the first country to install a public Bitcoin ATM in downtown Vancouver and launch spot Bitcoin and Ethereum ETFs in 2021.

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PayPal lines up Big Ten, Big 12 ties

Payments Dive

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Virginia-based bank provides Bitcoin access at ATMs

Payments Dive

Virginia-based Blue Ridge Bank is partnering with ATM operator BluePoint ATM Solutions and Bitcoin ATM software provider LibertyX to facilitate access to the cryptocurrency. This announcement comes as banks and regulators appear to be warming to digital assets, and as Bitcoin continues to gain value and attention.

ATM
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Bitcoin Depot expands footprint by 400 ATMs

Payments Dive

The bitcoin ATM operator is adding to its fleet as it sees “a lot of demand,” according to COO Scott Buchanan.

ATM