Bitcoin ATM boom fuels money laundering fears

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Anton Moiseienko, research fellow at Rusi’s Centre for Financial Crime and Security Studies, said the machines were being used by “money mules”, people who move cash around at the direction of criminal groups. “Crypto ATMs are where the world of untraceable cash overlaps with the world of pseudonymous crypto so it’s not a huge surprise that there would be money laundering risks involved,” he said.