Albuquerque bans crypto ATMs due to fraud concerns.

The Albuquerque City Council in New Mexico, USA, has banned crypto ATMs and digital asset transactions through cashiers. Once the ordinance takes effect, operators must immediately disable the machines and remove them within 45 days.

The new regulation prohibits the installation, operation, maintenance, and placement of crypto ATMs within the city. The restriction applies to stores and other venues that provide space for such devices.

The ban also…