đ Bitcoin Enthusiasts, Listen Up! đ
TRM Labs has uncovered a troubling trend: crypto ATMs are becoming hotspots for illicit activities. These cash-to-crypto machines have processed a whopping $160 million in illicit transactions since 2019! đ±
In 2023 alone, 1.2% of all transactions at these ATMs were illegal, compared to just 0.63% for the broader crypto market. The lack of stringent KYC and AML protocols makes these machines attractive to fraudsters. đ
Despite this, Bitcoin's potential remains untarnished. As regulators crack down on shady ATMs, the focus on secure and compliant BTC transactions grows stronger. đ
Stay optimistic and keep HODLing! đȘ
