In brief
- Canada’s Department of Finance is pushing for a sweeping ban on Bitcoin and crypto ATMs, in an attempt to clamp down on a growing number of scams.
- The measure would still allow Canadians to exchange cash for crypto at brick-and-mortar stores, where employees are present.
- The government’s proposal comes amid similar measures enacted or passed by U.S. states, including Indiana and Tennessee.
Canada’s Department of Finance has proposed a total ban on Bitcoin and crypto ATMs, describing the measure as a way to protect seniors and vulnerable people.
In an economic update released on Wednesday, the country’s government described machines that let customers exchange cash for digital assets as “a primary method” for scammers…
