Home Blockchain News Bitcoin ATM Pioneer Vancouver Could Ban City’s 76 Crypto Vending Machines

Bitcoin ATM Pioneer Vancouver Could Ban City’s 76 Crypto Vending Machines

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By CCN: Despite being the first location in the world to have a Bitcoin ATM, Vancouver’s authorities are turning against the vending machines. According to The Star, Bitcoin ATMs are under mayoral assault after a surge in criminal activities being conducted through the devices. Per the publication, Vancouver’s Mayor Kennedy Stewart suggested during a recent council meeting that banning the Bitcoin machines was an option being considered to contain crypto-related fraud and money laundering. Vancouver’s city hall employees have now been tasked to conduct research on the matter. A report is expected to be submitted in this year’s fourth quarter.

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* First published on ccn.com

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