Canada proposes crypto ATM ban over scams and money laundering

Canada proposes crypto ATM ban over scams and money laundering

1.70%BTC$77,594 1.79%XLM$0.1626 0.63%TRX$0.3241 0.25%XMR$387.27 1.64%DOGE$0.1097 10.16%BCH$454.10 1.60%ADA$0.2512 2.25%BNB$625.96 0.17%ETH$2,331 2.43%SOL$84.91 1.77%HYPE$40.37 0.65%XRP$1.39 0.92%Written by Christina Comben⁠, Staff Editor. Reviewed by Bryan O'Shea⁠, Staff Editor. Written by Christina Comben⁠, Staff Editor. Reviewed by Bryan O'Shea⁠, Staff Editor. Canada proposes crypto ATM ban over scams and money launderingLatest NewsPublishedApr 29, 2026Ottawa says Bitcoin ATMs have become a key tool for scammers, as regulators move to tighten oversight of high-risk parts of the crypto sector. The Canadian government has proposed banning Bitcoin and other crypto ATMs, arguing the machines have become a primary on-ramp for fraudsters and money launderers rather than a convenient access point for everyday users. The government's Spring Economic Update 2026, published on April 28, says cry

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