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Crypto Kiosks Used in Scams Targeting Older Adults, FinCEN Says
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a notice urging financial institutions to monitor suspicious transactions involving convertible virtual currency (CVC) kiosks. This follows a rise in scams and other illicit activity tied to these machines. In the notice, released Monday, FinCEN said that while CVC kiosks offer a legitimate way for consumers to access cryptocurrencies, they are also being used to facilitate fraud, cybercrime, and money laundering tied to drug trafficking organizations. The agency noted that risks increase when kiosk operators fail to meet their legal ... (full story)
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From marketpulse.com|Aug 4, 2025The session is risk-on as market participants already seem to be moving on from the consequent miss and downwards revisions to the NFP data – and this was just Friday. Some ...
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