Crypto ATM Meltdown? US Loses Over 1,200 Machines in Days

Mar 3, 2025 04:00 pm Cryptocurrency 152

Key Takeaways:

In early March, the US lost over 1,200 crypto ATMs, one of the most significant drops recorded.

Senator Durbin’s proposed legislation targeting crypto ATM fraud may be a contributing factor.

The global crypto ATM market is stagnating due to evolving regulations and increased scrutiny.

While the cryptocurrency world is constantly evolving, the disappearance of more than 1,200 crypto ATMs across the United States in early March has raised questions and concerns. This sharp drop-off occurred just days after Illinois Senator Dick Durbin introduced the Crypto ATM Fraud Prevention Act, a bill designed to combat fraud involving these machines. Was this merely a coincidence, or a sign of deeper issues emerging in the crypto ATM market?

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