Canada Seeks to Prohibit Crypto ATMs Amid Rising Fraud Concerns
The Canadian government has announced plans to outlaw crypto ATMs as part of a wider effort to combat fraud and money laundering, driven by mounting evidence of their role in facilitating scams. The proposed ban, outlined in the Liberal government's latest economic update, aims to eradicate crypto ATMs across the country, with officials labeling them a primary channel for defrauding victims and l…
April 29, 2026, 5:14 a.m.