Crypto Dispensers, headquartered in Chicago, allows users to buy and send Bitcoin and other cryptocurrencies through ATMs. Recently, the U.S. Justice Department charged the company and its founder, Firas Isa, with involvement in a money laundering scheme.
The allegations claim that Crypto Dispensers bypassed KYC requirements, facilitating illicit transactions. Facing severe consequences, the founder has registered a not guilty plea amid a decline in Bitcoin market conditions, triggering reviews of the business’s operational strategy.
Leave a Reply