American Cities Are Quietly Declaring War on Crypto ATMs

American Cities Are Quietly Declaring War on Crypto ATMs

Spokane Valley, Washington became the latest US city to ban cryptocurrency ATMs this week, joining a growing list of municipalities that have decided the machines cause more harm than good. The vote was unanimous. The reason, as it almost always is with these bans, comes down to fraud - specifically the kind where someone gets a panicked phone call from a "government official" and ends up feeding $300,000 in cash into a machine at a gas station.

Spokane Valley police cited exactly that type of case when presenting the ban. The crypto gets sent, the transaction settles in minutes, and the money is essentially gone. No chargebacks, no bank to call, no realistic path to recovery.

This Is Now a Pattern

Spokane Valley is not acting alone. In April, Haverhill, Massachusetts banned crypto kiosks after city residents Read Entire Article