Former Venezuelan Gold Mining Company Wants to Centralize Bitcoin ATM Infrastructure

Former Venezuelan Gold Mining Company Wants to Centralize Bitcoin ATM Infrastructure

First Bitcoin Capital Corp. wants to unite the providers of bitcoin ATMs around the world. His plan: link thousands of ATMs run by dozens of often small-time operators with a comprehensive know-your-customer, transaction monitoring and regulatory compliance solution that streamlines every aspect of the back-end business. “We want to create a consortium of bitcoin ATM … Read more…

Why Compliance Is the Biggest Team at Bitcoin ATM Startup Coinsource

Why Compliance Is the Biggest Team at Bitcoin ATM Startup Coinsource

Coinsource, a well-known bitcoin ATM company, purchased a booth at this year’s Consumer Electronics Show (CES) in Las Vegas. Given increased interest from the IRS in bitcoin ATMs, we were especially curious about how users reacted when Coinsource increased its know-your-customer (KYC) requirements. “Our compliance department is actually the largest department in our entire company,” … Read more…

Two Nigerians arrested in India for ATM cloning

Two Nigerians arrested in India for ATM cloning

A Nigerian man who earlier served as a priest at a church in Greater Noida has been arrested, along with his “assistant”, also from Nigeria, for cloning dozens of plastic cards in Delhi, India. The duo identified as Oluwatoyin Isaiah (46) and his assistant, Nosa Tony (43) were arrested after a brief chase near D1 … Read more…