Odaily Planet Daily News: According to a recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and the Miami Herald, cryptocurrency ATMs designed to facilitate the conversion of cash into cryptocurrency are increasingly being used by scammers. The OCCRP report noted that many of these fraudulent activities are related to international criminal networks from countries with weak regulatory frameworks. One of the main problems leading to the increase in crypto ATM scams is the inconsistent regulatory environment between different states. While federal law requires crypto ATM operators to register with the Treasury Department's Financial Crimes Enforcement Network (FinCEN) and comply with anti-money laundering (AML) standards, state-level regulations vary greatly. Some states have strict requirements, while others, such as Illinois, do not classify cryptocurrencies as currencies, limiting regulatory oversight. (CryptoSlate)