Canada to Shut Down Nearly 4,000 Crypto ATMs to Combat Scams

Canada’s federal government has unveiled plans to ban cryptocurrency ATMs nationwide, aiming to curb their use as a primary tool for fraudsters defrauding victims and laundering illicit funds. The measure, announced in the Liberal government’s Spring Economic Update on April 28, targets nearly 4,000 machines across the country, which currently operate without industry-specific regulations. The […] The post Canada to Shut Down Nearly 4,000 Crypto ATMs to Combat Scams appeared first on the deep dive.