CoinFlip
| Private | |
| ISIN | 🆔 |
| Industry | Bitcoin ATM |
| Founded 📆 | 2015 |
| Founder 👔 | Daniel Polotsky, Benjamin Weiss, Alan Gurevich, Kris Dayrit |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
CoinFlip is a Bitcoin ATM operator headquartered in Chicago, IL and founded in 2015 by Daniel Polotsky, Benjamin Weiss, Alan Gurevich, and Kris Dayrit.[1][2][3]
The company manages and operates a network of over 1000 Bitcoin ATMs accepting cash, credit card, or debit cards in exchange for Bitcoin and other cryptocurrencies.[4]
The company is governed by the US Department of Treasury’s Financial Crimes Enforcement Network.[5] It must comply with strict AML and KYC directives and receives letters of no action or legal opinions before entering a new jurisdiction.[6]
Regulations[edit]
CoinFlip supported California Assembly Bill 2150 sponsored by Assembly Member Ian Calderon to conduct a study into blockchain taxonomy and how to better define blockchain products and crypto assets.[7] The bill was submitted on 13 August 2020.[8]
It also supported New Jersey’s Assembly Bill 2891 to regulate digital currencies and establish consumer protections in that state.[9][10]
Advocacy[edit]
CoinFlip is also a proponent of blockchain regulatory reform in the United States with its CEO, Ben Weiss, having advocated for increased legal clarity in New Jersey and California.[11] Some commentators have suggested that CoinFlip may be well positioned to provide infrastructure for the US digital dollar and emergency stimulus funding by providing identity checks and using Bitcoin ATMs for access to emergency funds.[12]
CoinFlip is a member of the Blockchain Advocacy Coalition the Blockchain Association of New Jersey.[13]
References[edit]
- ↑ "CoinFlip's cash-to-crypto ATM installed in Honolulu, with more to come". American City Business Journals.
- ↑ "CoinFlip". crunchbase.com. crunchbase. Retrieved 18 November 2021.
- ↑ "CoinFlip Co-Founders Daniel Polotsky and Ben Weiss named in Crain's 40 under 40". prnewswire.com. CoinFlip. Retrieved 18 November 2021.
- ↑ "Why is Washington still dragging its feet on crypto?". Asia Times Newspaper.
- ↑ "FinCEN Director's Remarks Reveal Focus On The Virtual Currency And Real Estate Industries | Wiand Guerra King". www.wiandlaw.com. Archived from the original on 2020-10-26. Retrieved 2020-12-08. Unknown parameter
|url-status=ignored (help) - ↑ "Daniel Polotsky: CEO at CoinFlip Says Company Plans to have Over 3,000 Bitcoin ATMs in the US by 2021". Crowdfundinsider.com.
- ↑ "California Takes Step Towards Regulating Digital Assets with AB 2150, CoinFlip COO Comments on Legislation". Crowdfund Insider. 14 August 2020.
- ↑ "California Takes the Lead to Grow U.S. Virtual Currency Industry". AiThority. 15 August 2020.
- ↑ "New Jersey State Legislature Media Player". www.njleg.state.nj.us.
- ↑ Artiles, Guillermo. "New Blockchain Technology Act will Boost Cryptocurrency Industry in New Jersey". NJ Tech Weekly.
- ↑ "Bitcoin ATMs are filling the discrimination gap left by the traditional banking system". Neweurope.eu.
- ↑ Brett, Jason. "How A Bitcoin ATM May Solve Public Access To Digital Money". Forbes.
- ↑ "Members | Blockchain Advocacy Coalition". Block Advocacy 2019.
This article "CoinFlip" is from Simple English Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:CoinFlip.
