The FBI reports that cryptocurrency ATM scams are leading to projected losses of 240 million USD in early 2025, which is double the amount from the previous year.
Spokane, Washington, has introduced a total ban on crypto ATMs, becoming the largest city in the US to take such action.
Arizona, Arkansas, Vermont, and St. Paul, Minnesota, are among the states contemplating similar bans or regulatory responses on cryptocurrency ATMs.
Approximately 80% of the world’s cryptocurrency ATMs are located in the United States.
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