Spokane Valley Considers Banning Cryptocurrency ATMs to Combat Scams

Spokane Valley considers banning cryptocurrency ATMs to combat scams

SPOKANE VALLEY, Wash. — Spokane Valley City Council will consider a proposed ordinance to ban cryptocurrency ATMs as scammers increasingly use the machines to defraud residents of thousands of dollars. The ordinance targets an estimated 20 cryptocurrency kiosks located throughout the city. Police report significant financial losses from scams involving these ATMs, including one recent

Spokane Valley considers banning crypto kiosks to address scams following suicide

(The Center Square) – The Spokane Valley City Council will consider banning cryptocurrency kiosks on Tuesday night as fraudsters scam victims out of their hard-earned savings with made-up emergencies.​ The proposal follows the city of Spokane’s ban on virtual currency kiosks last June. It was the first city in Washington state to do so, following in the footsteps of Stillwater, Minn. State lawmakers considered proposals to regulate the kiosks th…