Crypto ATMs Dominate Money-to-Crypto Transactions, Turn into a Regulation-Enforcement Concern: TRM Labs

The report, launched Wednesday, highlights why regulation enforcement authorities worldwide have considerations in regards to the rising use of crypto ATMs, which take fiat foreign money 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 means of cash-to-crypto companies.