Bitcoin ATM

[3] The first machine in the United States went online on February 18, 2014, in a cigar bar in Albuquerque, New Mexico,[4] though it was removed 30 days later.

[5] Months later, in May 2014, the first licensed bitcoin ATM in the U.S. was developed by Coinme[6] and installed at the Spitfire Grill in Seattle, WA.

[13] As of July 2020, businesses dealing in virtual currencies are considered MSBs by the Financial Transactions and Reports Analysis Centre of Canada.

[14] In 2018, the Canada Revenue Agency (CRA) commissioned an investigation on Bitcoin ATMs to find out if tax laws were being followed by users.

The nations of the Union with the highest number of Bitcoin ATMs are Spain (174), Austria (133), Poland (114), Romania (87), Czechia (69), Greece (63) and Italy (60).

In the United States, the Bank Secrecy Act (BSA) requires Bitcoin ATM operators to establish and maintain an effective written AML program reasonably designed to prevent ATM machines from being used to facilitate money laundering and the financing of terrorist activities.

[26] Bitcoin ATM operators must be registered as Money Service Businesses and are regulated by the Financial Crimes Enforcement Network.

[27] In March 2022, the Financial Conduct Authority (FCA) in the United Kingdom declared that all cryptocurrency ATMs in the country were illegal and would need to be shut down.