The founder of a leading Bitcoin ATM company has been charged with orchestrating a $10 million money laundering operation. Federal authorities allege that the individual manipulated ATM machines to handle large transactions without proper reporting and neglected to enforce anti-money laundering (AML) protocols. The U.S. Department of Justice asserts that the network facilitated anonymous transactions, many of which involved high volumes and individuals connected to criminal activities. The case, bolstered by transaction data, surveillance footage, and witness testimonies, is being closely watched as a potential test for cryptocurrency regulation. Legal experts argue that this incident underscores the urgent need for clearer and more specific regulations within the crypto industry.