Spokane City Council Eyes Banning Crypto Kiosks, Citing Devastating Fraud to Vulnerable Residents

Hammer falls on crypto ATMs over scams, laundering

Australia's adoption and use of cryptocurrency ATMs is on the rise, but so too is their use to scam society's most vulnerable out of millions of dollars.

Spokane considering crypto kiosk ban within city limits amid rise in scams

(The Center Square) – The Spokane City Council is considering banning virtual currency kiosks amid a rise in scams that cost Washington state more than $141 million in 2023 alone.

Spokane City Council eyes banning crypto kiosks, citing devastating fraud to vulnerable residents

Spokane may soon outlaw kiosks that allow people to purchase cryptocurrencies without going to well-known digital marketplaces – and according to law enforcement, have become a tool for scammers.

Next 2 Years Will Change Crypto Forever: Omni Cofounder

Austin King believes that within next two years, crypto space will change radically

Crypto ATMs increasingly used for scams and money laundering: AUSTRAC

Australians are losing millions of dollars each year to scams linked to cryptocurrency ATMs and older people have been the group most caught up in illicit activity through the machines. Financial crimes agency AUSTRAC has now intervened — introducing sweeping industry-wide controls after uncovering links to scams, money laundering and other illegal activity. The regulator has also refused to renew one crypto ATM (CATM) operator’s registration. C…

Letter to the Editor: LD 1339 would effectively outlaw crypto kiosks in Maine

To the Editor, Maine legislators are moving quickly on cryptocurrency policy this session. For example, a bill commissioning a comprehensive study examining the positive economic impacts of blockchain technologies and cryptocurrencies is on track to become law. However, so is legislation (LD 1339) that would effectively outlaw crypto kiosks in Maine, reducing accessibility for Mainers that prefer to purchase digital currencies with cash at a phy…