Canada proposes crypto ATM ban over scams and money laundering
Ottawa says Bitcoin ATMs have become a key tool for scammers, as regulators move to tighten oversight of high-risk parts of the crypto sector.
Last updated: 2026-04-29 16:35:05 ET
Ottawa says Bitcoin ATMs have become a key tool for scammers, as regulators move to tighten oversight of high-risk parts of the crypto sector.
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Visiting the fake login website alone isn’t enough for hackers to gain entry to accounts. However, entering sensitive information such as passwords ...
Sarah has now got her money back but there are calls to reform the deadline for reporting scams to banks.
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“Now they are deducting that amount from her account.”
The group spent tens of millions of dollars on luxury items and real estate, using funds stolen from crypto users in social engineering scams.
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Besides freezing crypto, the strike force also seized a Telegram channel used to recruit unsuspecting job seekers and took down 503 fake crypto invest...
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