Crypto ATMs Dominate Money-to-Crypto Transactions, Grow to be a Regulation-Enforcement Concern: TRM Labs

Crypto ATMs Dominate Money-to-Crypto Transactions, Grow to be a Regulation-Enforcement Concern: TRM Labs

by Jeremy

The report, launched Wednesday, highlights why regulation enforcement authorities worldwide have issues concerning the rising use of crypto ATMs, which take fiat forex and ship crypto to the specified digital pockets. In 2023 alone, 79% of all illicit cash-to-crypto tranfers, over $30 million, went to recognized rip-off addresses by way of cash-to-crypto providers.

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