Support for Mime Coin Shiba Inu will be available on Crypto ATM machines of Bitcoin of America. America’s ATM chain has taken this decision. Operating in 31 US states, crypto can be traded, sold and purchased at the firm’s crypto ATMs. Last month it introduced support for Dogecoin on its ATM machines.
Bitcoin of America ATMs already offer services for Bitcoin, Ethereum and Litecoin. Bitcoin of America, registered with the US Treasury Department, said in a press release, “The firm has over 1,800 crypto ATMs in 31 states. Due to the growing popularity of the Shiba Inu, it has been decided to include these Shiba Inu.” ”
The market capitalization of SHIB is approximately $14.6 billion. According to Gadgets 360’s crypto price tracker, each of its tokens was trading at $0.000028. Crypto ATMs have started in some countries. US retail giant Walmart has announced that it will install around 200 bitcoin ATMs at select stores. Bitcoin ATMs in El Salvador allow people to transact in bitcoin or convert it into a normal currency. However, last year the US Federal Bureau of Investigation (FBI) warned people against using crypto ATMs. The FBI had said, “These cryptos do not comply with ATM regulations and may lead to money laundering.”
Earlier this year the UK’s Financial Conduct Authority (FCA) ordered the closure of all crypto ATMs. It said that these ATMs are running illegally. The European Union’s stance on cryptocurrencies is also strict. Its regulators said last month that people do not know much about cryptocurrencies and that investors can lose their entire money. European Parliament committees have voted in favor of a new regulation on the transfer of funds involving unhosted crypto wallets. Under this, crypto exchanges will be required to verify the identities of owners of unhosted wallets prior to a transaction.
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