U.S. Cities Crack Down on Crypto ATMs as Scam Losses Climb

[bonk]

Crypto ATMs are facing mounting bans and restrictions nationwide as fraud complaints surge. The FBI logged nearly 11,000 crypto-kiosk scam reports in 2024, totaling over $246 million. Cities like Stillwater, Minnesota, and Spokane, Washington, have enacted full bans, while others — like Grosse Pointe Farms, Michigan — are imposing strict transaction limits to curb abuse of the machines often used by scammers.

[Rimon Khan]

Crypto ATMs became a hotspot for scams—crackdowns were inevitable.

[Abdul Khan]

More regulation might actually protect casual users.