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Crypto Regulation

Albuquerque Bans Bitcoin ATMs, Gives Operators 45 Days to Remove Them

Albuquerque has banned Bitcoin ATMs and given operators 45 days to remove the machines from the city. A city councilor said 90% of crypto kiosk transactions in Albuquerque are tied to fraud, calling the machines a conduit for crime. The removal deadline applies to operators of the kiosks currently deployed in the city.

Original source

AI take

The move breaks from the enforcement pattern seen in most U.S. jurisdictions, where crypto kiosks have been addressed through licensing, transaction caps and disclosure rules rather than outright prohibition. If other municipalities adopt Albuquerque's framing — that fraud prevalence justifies a ban — the compliance and licensing model that kiosk operators have built their businesses around could face city-by-city challenges. The open question is whether the councilor's fraud statistic holds up under scrutiny and whether copycat bans follow.

Generated by AI for reference only.

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