50 notes into their bitcoin 33 attack currency terminals. The extent to which Britain’s fast-growing network of Bitcoin cash machines is being exploited by drug gangs can be revealed today.
Up to four in five of those using the new ATMs are suspected drug dealers, one said. It can then be transferred across borders and withdrawn in any currency, and is hard to trace. 1,200 a month, or commission on each deposit. A fast-growing web of Bitcoin ATMs, owned by a range of operators, has sprung up across the UK from Penzance to Glasgow.
There are now 98, with locations including a cannabis shop in Croydon, a vaping store in Tunbridge Wells, a fish and chip shop in Brighton and a food store in Derby. The machines, connected to a Bitcoin exchange, are also used by speculators investing in the cryptocurrency, which has increased in value more than tenfold in a year. It’s easy money for us. 200 a month just to have it sitting in the shop. We have had one since May and we get all sorts. Boys wearing hoodies, kids aged 17 or 18.