Spokane City Council has banned crypto ATMs to curb rising scams, giving operators 60 days to remove machines amid concerns over fraud and vulnerable residents.
Spokane, the second-largest city in the US state of Washington, has banned crypto ATMs to fight rising scam activity targeting the city’s residents.
Spokane City Council said on Monday that it became the first city in Washington to ban cryptocurrency ATMs following a unanimous vote.
The measure was proposed by Council member Paul Dillon, who helped to put forward the ban, said that crypto ATMs “have become a preferred tool for scammers looking to defraud unsuspecting victims,” and the ban would “protect vulnerable Spokane residents from scams involving virtual currency kiosks.”
