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Canada Proposes Nationwide Ban on Crypto ATMs Amid Rising Fraud Cases
Canada is moving toward a nationwide ban on crypto ATMs after the country’s authorities linked the machines to a surge in fraud and money laundering cases. The proposal, outlined in the government’s Spring Economic Update 2026, frames crypto ATMs as a key vulnerability in the country’s financial system. Officials say the Bitcoin kiosks have increasingly been used by scammers to extract funds from victims and by criminal networks to process illicit proceeds, prompting calls for decisive action. Crypto ATMs Flagged as a Primary Tool for Fraud in Canada: The proposal by the Canadian authorities in their latest ... (full story)
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