Canada proposes ban on crypto ATMs as fraud cases mount

Canada proposes ban on crypto ATMs as fraud cases mount

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCanada proposes ban on crypto ATMs as fraud cases mountCanada's Liberal government calls machines a “primary method” for scams as data and law enforcement link them to rising lossesBy Sam Reynolds|Edited by Omkar Godbole Apr 29, 2026, 5:14 a.m. Make preferred on What to know: Canada’s Liberal government has proposed a nationwide ban on bitcoin and other crypto ATMs as part of a broader effort to combat fraud and money laundering.Officials say crypto ATMs have become a “primary method” for scammers to defraud victims and for criminals to launder illicit cash, citing findings from the financial intelligence agency FINTRAC.The move comes as lawmakers also weigh banning crypto as a form of electoral donations, even though Canada hosted the w

Source: https://www.coindesk.com/markets/2026/04/29/canada-proposes-ban-on-bitcoin-atms-as-fraud-cases-mount