In accordance with Bijiie, as of now, there are nearly 40,000 cryptocurrency ATMs globally, serving as a key physical access point for digital assets. However, the rapid expansion has also led to an increase in fraud. Industry insiders are urging the establishment of clear regulatory guidelines, proactive compliance measures, and enhanced consumer protection, including identity verification, transaction limits, and real-time fraud alerts, to build trust and ensure the industry's sustainable development.
Global Crypto ATM Growth Sparks Calls for Regulation and Consumer Protection
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Summary
According to Bijiie, there are now nearly 40,000 crypto ATMs worldwide, offering physical access to digital assets. The rise in liquidity and crypto markets has also brought more fraud. Experts are pushing for clear rules, including identity checks and real-time alerts. Some suggest aligning with EU Markets in Crypto-Assets Regulation to improve consumer trust and long-term growth.
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