Albuquerque City Council Bans Crypto ATMs Citing Use Tied to Crime

Crypto ATMs are now banned in Albuquerque

Changes are coming to Albuquerque after city councilors approved a ban on crypto ATMs, a road safety ordinance and more Wednesday night.

Albuquerque City Council bans crypto ATMs citing use tied to crime

ALBUQUERQUE, N.M. (KRQE) – The Albuquerque City Council on Wednesday passed an ordinance banning Virtual Currency Automatic Teller Machines, also known as crypto ATMs, and cashier-facilitated virtual currency transactions within city limits. The ordinance was co-sponsored by District 1 Councilor Stephanie W. Telles and District 7 Councilor Tammy Fiebelkorn. Telles stated in a news release [...]

Albuquerque Bans Crypto ATMs, Gives Operators 45 Days to Remove Machines

Albuquerque City Council has banned the use of physical cryptocurrency ATMs. The ban follows rising cases of fraud and scams, often targeting elderly residents. City Council set a 45-day deadline for crypto ATM operators to remove machines or face penalties. The Albuquerque City Council of the US state of New Mexico has banned Virtual Currency Automatic Teller Machines, also known as crypto ATMs, citing crime-related issues.  Albuquerque’s Distr…

Albuquerque Council Bans Crypto ATMs Across City

The Albuquerque City Council passed an ordinance on September 9 banning virtual currency ATMs and cashier-facilitated cryptocurrency transactions within city limits, KRQE reported. The measure, co-sponsored by Councilors Stephanie Telles and Tammy Fiebelkorn, means crypto kiosk operators must remove existing machines from Albuquerque under the ordinance’s compliance timeline. The legislation targets kiosks that city officials ...

Albuquerque bans Bitcoin ATMs, gives operators 45 days to comply

Albuquerque's ban on Bitcoin ATMs may trigger a regulatory ripple effect, prompting other cities to prioritize consumer protection against fraud.