Quantcast

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

Binance and Circle announce strategic partnership to advance USDC adoption and crypto innovation
CATO Policy Analyst: Operation Choke Point 2.0 ‘has undermined many of the people trying to work and innovate’
SEC Approves First Crypto Index ETFs Combining Bitcoin and Ethereum
Bitcoin dips to $92K in ‘optimal dip-buying’ move as PCE boosts crypto
DOGE Founder Reacts to Bitcoin, Dogecoin and Ethereum Sell-off
Coinbase CEO: 'Crypto is the only payment rail that checks all three boxes'
CATO Policy Analyst: Operation Choke Point 2.0 ‘has undermined many of the people trying to work and innovate’
AI at the service of DeFi: Reflections and perspectives from the Saint-Alex Club
Avara’s Lens secures $31M for SocialFi-focused L2 blockchain
US Federal Reserve (Fed) Continues to Cut Rates by 25 Points: New Highs for Bitcoin?
$300m of other tokens bridged to Solana in the last week, why?
Coinbase sued over WBTC delisting by Justin Sun-affiliated BiT Global
Bitcoin Soars to New Record Highs Over $106K, Let's Hope the Fed Doesn't End the Party
Increased gas limits on Ethereum L1 come with risks… but big rewards
Bitcoin Catches Up With Gold: New ATH for BTC-Gold Ratio
Bitcoin Backed by US Congress: Pro-Crypto French Hill Takes Chair of Finance Committee
BlackRock recommends 1-2% Bitcoin in your portfolio
UK watchdog asks firms to share current and future crypto exposures
Riot acquires 5,117 BTC for $510m
New SEC boss Paul Atkins will transform crypto… but not right away
Bitcoin: For billionaire investor Ray Dalio, only BTC and gold will save from future crises
BTC, XRP, DOGE Price: Dogecoin Drops, Bitcoin Steady Ahead of US CPI
Bitcoin hits level bulls must 'control' for a new $100K BTC price push
Trump reveals his price target for Bitcoin
Billionaire Ray Dalio Prefers Bitcoin Over Bonds
Bitcoin can separate money and state — David Sacks
Crypto Daybook Americas: Bitcoin (BTC) Price Hits Mid-Cycle Peak as Retail Interest in Altcoins Soars
Creating a strategic reserve with bitcoin: US states are exploring this possibility
El Salvador: When the Bitcoin dream meets the economic demands of the IMF
Bitcoin Not Just Money, Reveals Trading Legend Peter Brandt
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