IRS Looking into Cryptocurrency ATM Operators

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The Internal Revenue Service is actively looking into potential money laundering and tax evasion issues posed by Crypto ATMs, a top official said to Bloomberg.

Cryptocurrency ATMs and kiosks allow users to buy and sell cryptos with cash in many locations across the world.

There have been no public cases involving cryptocurrency ATMs to date, but IRS Criminal Investigation Chief John Fort believes they could enable illicit activity. He noted that the IRS is currently investigating potential…

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