Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs

Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs

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Source: Coindesk.com

Law enforcement authorities globally have concerns about the use of crypto ATMs in scams, a report by blockchain analytics firm TRM Labs found. Last year, over $30 million went to known scam addresses through cash-to-crypto services.

Since 2019, the cash-to-crypto industry – which is dominated by crypto ATMs – has processed

Read More https://www.coindesk.com/policy/2024/08/29/cash-to-crypto-industry-dominated-by-atms-is-a-law-enforcement-concern-trm-labs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "Cash-to-Crypto Industry Dominated by ATMs Is a Law-Enforcement Concern: TRM Labs" appeared first here Coindesk.com.

Source: Coindesk.com

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