Crypto ATMs are physical kiosks that allow individuals to buy or sell cryptocurrencies using fiat currency. These machines function similarly to traditional bank ATMs but connect to cryptocurrency exchanges rather than bank accounts. They provide a direct access point for converting cash into digital assets or vice versa. The process often involves identity verification.
Context
Crypto ATMs frequently appear in news discussions concerning regulatory oversight, financial inclusion, and accessibility to digital assets. Their proliferation or decline in various regions often signals shifting regulatory stances or public adoption rates. Security protocols and compliance with anti-money laundering regulations remain central topics regarding their operation.
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