Albuquerque bans crypto ATMs and cash deals via intermediaries
- —Albuquerque City Council approved ordinance O-26-49 on September 10
- —Existing crypto ATMs must close and be dismantled within 45 days
- —According to IC3, 13,460 complaints about crypto kiosks and $388.98 million in losses were recorded in 2025
- —Complaints rose 23% and losses 58% year-over-year
Why it matters: U.S. cities are starting to selectively ban offline crypto channels due to fraud, which could hit crypto ATM operators.
Source: TokenPost