US Treasury warns of rising scams at cryptocurrency ATMs

The U.S. Treasury Department is warning financial institutions about the increasing use of cryptocurrency ATMs for scams and money laundering. Why it matters: Criminals are exploiting the rapid growth of crypto ATMs and weak compliance with anti-money laundering rules to steal money from victims and launder funds. The details: Crypto ATMs, also known as convertible [] The post US Treasury warns of rising scams at cryptocurrency ATMs appeared first on Techpinions.