Albuquerque Bans Bitcoin ATMs, Giving Operators 45 Days to Remove Them
60-second summary
Albuquerque’s city council votes to ban all Bitcoin ATMs, giving operators just 45 days to dismantle the devices after a councilor claims roughly 90 percent of kiosk transactions facilitate fraud. The crackdown targets machines accused of serving as crime conduits, prompting operators to relocate or cease services, while investors watch for potential regulatory ripple effects across the broader cryptocurrency‑ATM market.
A councilor said 90% of crypto kiosk transactions in the city are tied to fraud, calling the machines a conduit for crime.