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 17:52:39 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.
Sarah has now got her money back but there are calls to reform the deadline for reporting scams to banks.
The agency reports that losses from social media scams have increased eightfold, and that social media scams resulted in higher losses than any other ...
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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