Spokane City Council has banned crypto ATMs to curb rising scams, giving operators 60 days to remove machines amid concerns over fraud and vulnerable residents.
Spokane, the second-largest city in Washington state, has banned crypto ATMs in response to a surge in scam activity targeting local residents.
Spokane City Council said on Monday that it became the first city in Washington to ban cryptocurrency ATMs following a unanimous vote.
The measure was proposed by Council member Paul Dillon, who helped to put forward the ban, said that crypto ATMs “have become a preferred tool for scammers looking to defraud unsuspecting victims,” and the ban would “protect vulnerable Spokane residents from scams involving virtual currency kiosks.”
