Albuquerque officially bans Bitcoin ATM
2026-10-22 14:39:04
According to CoinMeta, Albuquerque (Albuquerque), New Mexico, has officially banned the use of Bitcoin (ATM). This decree took effect on October 21st and is aimed at combating fraud related to cryptocurrencies. The decree was passed by the city council on September 9th with a vote of 6-3 and came into effect after being signed by Mayor Tim Keller (Tim Keller). All existing Bitcoin (ATM) operations must cease immediately, and operators have 45 days after the decree takes effect to dismantle them. The city government may impose fines and revoke licenses on businesses that do not comply. City officials stated that criminals use cryptocurrencies (ATM) to cheat vulnerable groups, especially the elderly. Mayor Keller pointed out that scammers are constantly finding new ways and have included these cash machines in their fraudulent schemes. More than 13,400 complaints about cryptocurrency cash machines have been received, with over half coming from people aged 50 and above.
Source:U.Today
This content is for market information only and does not constitute investment advice.
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