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The once-novel idea of converting cash to Bitcoin and other digital assets at physical kiosks—popularly known as crypto ATMs—is facing a turning point in the United States. Once celebrated for bringing easy access to cryptocurrency, these machines now find themselves under intense regulatory and public scrutiny as scam losses skyrocket and lawmakers rush to act.

The ARC project is a collaboration between Polygon, an Ethereum scaling network, and Anq Finance, a domestic fintech firm with expertise in tokenization and MSME (small business) financing. Polygon brings global blockchain infrastructure experience (it already powers tokenization projects for BlackRock, JPMorgan, etc.), while Anq provides local regulatory know-how.

BlackRock closes 2025 holding 771,000 Bitcoin as CEO Larry Fink outlines a scenario where BTC could reach $700,000. This development has ignited renewed discussions about Bitcoin’s role in global finance, institutional portfolios, and its evolving market structure.