Quantcast

Choise.ai founder on crypto kiosks: 'The narrative has turned the kiosks into the villains'

Chainalysis report analyzes global trends in crypto adoption
How BlackRock helped Bitcoin get its mojo back
The SEC authorizes the NYSE and CBOE to offer spot Bitcoin (BTC) ETF options trading
The Crypto Town Hall: 'Binance Blockchain Week 2024: A powerhouse event for crypto innovation'
EigenLayer’s official X account hacked to promote fake airdrop
XRP : A 30% risk of losses as a result of the’appel of the SEC against Ripple
Stripe is well on its way to acquiring Bridge, a fintech specialist in cross-border payments in stablecoins
Former chief of IRS - Criminal Investigations: Ex-U.S. government agent 'without a doubt, is being held captive in a Nigerian prison'
Jailed Binance exec’s Nigeria trial postponed after he fails to come to court ― ‘He’s very sick’
Trump-Touted Crypto Website Crashes as Token Sale Goes Live, With Just 1.7% of Target Sold
How Coinbase’s Base dethroned Arbitrum as top Ethereum layer 2
MiCA: 67% of euro stablecoins now comply with the new directives
Is Elon Musk Selling Bitcoin? Tesla Transfers All $760M of Its BTC to Unknown Wallets.
BTC's Trendline Breakout Exposes $70K Hurdle, ETH Holds 200-Day Average
Google weekly relative search volume for 'bitcoin' hits lowest level in a year
The 15 years of Bitcoin immortalized thanks to The Bitcoin Masterpiece, by Frederic Imbert
UK, Colombia crypto exchanges linked in TD Bank record fine
For Millennials, Bitcoin Is the New Real Estate
Binance exec Tigran Gambaryan again denied bail in Nigeria despite 'clear evidence of medical requirement,' family says
Ripple (XRP) goes on the offensive after the SEC appeals the court ruling against it
Binance exec’s bail plea dismissed on technicality
BloFin impresses at the’ event TOKEN2049 Singapore with its clear vision for rapid expansion
Crypto.com sues SEC amid agency threats over Solana, Binance, Cardano tokens
Former Bitcoin developer points out missing detail undermining HBO's claim that Peter Todd is Satoshi
AI startups draw record $11.8B funding in Q3
Former Bitcoin Dev Peter Todd Denies He's Satoshi Hours Before HBO Documentary Airs
OpenAI, the creator of ChatGPT, will open an office in Paris this year
Crypto Custody Firm Copper’s CEO Dmitry Tokarev Plans to Step Down
HBO announces that the identity of Satoshi Nakamoto will be revealed in its next documentary dedicated to the creator of Bitcoin
JPMorgan analysts identify key catalysts shaping crypto's near-term outlook
Choise.ai founder on crypto kiosks: 'The narrative has turned the kiosks into the villains'
Web3/Crypto
Webp  32
Vladimir Gorbunov, Founder, Choise.ai | LinkedIn

Vladimir Gorbunov, founder of Choise.ai, expressed concerns over bans on cryptocurrency kiosks, suggesting that such measures misdiagnose the issue of fraud. He proposed that education, visible warnings, and real-time support are more effective solutions than restricting the kiosks. His statement was made on HackerNoon.

"The narrative has turned the kiosks into the villains," said Gorbunov. "but often you see fraud because of a chain of trust violations well before the kiosk itself. If we ban crypto ATMs because scammers used phones to trick people into using them, why not ban phones? The problem is, and always has been, sophisticated scammers exploiting human vulnerability and a massive gap in public understanding."

According to Athena Bitcoin, scam warnings are displayed on every kiosk they operate. The company also maintains a public fraud-education portal and runs a formal complaint process to capture customer reports for investigation and follow-up. Athena Bitcoin emphasizes that their staff never solicit Bitcoin payments and advises customers to contact authorities if pressured to pay fines, taxes, or utility bills in cryptocurrency. These initiatives aim to provide first-time users and those who prefer cash with clearer guidance at the point of transaction and a documented path for redress when scams are suspected.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

The Nilson Report estimates global card-payment fraud losses at $33.83 billion in 2023, affecting issuers, merchants, and acquirers across various channels. This equates to 6.58¢ per $100 in volume worldwide. Such figures contextualize why targeted kiosk safeguards can be proportionate compared with broader payment risks and why regulators often calibrate disclosures, monitoring, and subpoena responsiveness based on comparative loss data.

The Federal Trade Commission (FTC) reports that consumer losses linked to scams involving Bitcoin kiosks have grown nearly tenfold since 2020, reaching over $110 million in 2023. The FTC highlights patterns marked by scripted urgency, QR code routing, and irreversible transfers as significant factors in these scams. The data underscores the value of layered defenses: prominent on-screen warnings, decision pauses like CoinFlip’s "Safe in Six," trained live agents who can intervene mid-transaction, and rapid subpoena support to aid investigations.

Gorbunov is a serial fintech entrepreneur with experience in digital assets since 2017. He previously led consumer-facing crypto products and has frequently written and spoken about bridging mainstream users to decentralized finance. In recent communications regarding Choise.ai’s roadmap for 2024–2025, Gorbunov emphasized enterprise-grade crypto tooling, security, and user education. His commentary often focuses on practical risk controls over blanket prohibitions, highlighting social-engineering defenses and transparent user experiences for on/off-ramps.

Organizations Included in this History
More News

Raoul Pal, CEO of Real Vision, said that cryptocurrency gains depend on liquidity, with a government shutdown and the Treasury General Account (TGA) delaying conditions for a breakout.

Nov 3, 2025

Changpeng "CZ" Zhao, founder of Binance, said that Kyrgyzstan presents significant potential for cryptocurrency growth and encouraged other firms in the industry to consider investing and operating there.

Nov 3, 2025

Julian Hosp, founder of Cake DeFi, said that Bitcoin has evolved into a speculative gamble, with stronger returns emerging in artificial intelligence (AI), energy, and broader technology sectors.

Nov 3, 2025

Binance announced on its website that it upgraded its USDⓈ-M Futures Liquidity Provider Program on November 3, 2025.

Nov 3, 2025

Carlos Domingo, CEO of Securitize, has expressed confidence in blockchain technology's potential to transform asset management.

Nov 3, 2025

Binance announced on its website that it will update collateral and Tiered Collateral Ratios for PM Pro (Portfolio Margin) on November 4 and November 7, 2025.

Nov 3, 2025