Spokane Valley city council bans cryptocurrency ATMs due to increasing scam losses and difficulties tracing transactions

Spokane Valley unanimously passes ban on crypto kiosks following scams

(The Center Square) - In a move to protect residents from financial fraud, the Spokane Valley City Council voted unanimously Tuesday night to implement a total ban on cryptocurrency kiosks

Spokane Valley city council bans cryptocurrency ATMs due to increasing scam losses and difficulties tracing transactions

SPOKANE VALLEY, Wash. -- The Spokane Valley City Council unanimously approved a ban on cryptocurrency ATMs within city limits. Spokane Valley Police have recording significant financial losses from scams involving cryptocurrency ATMs, including a recent case where a victim lost $300,000. PREVIOUS COVERAGE: Spokane Valley considers banning cryptocurrency ATMs to combat scams Scammers typically pose

American Cities Are Quietly Declaring War on Crypto ATMs

American Cities Are Quietly Declaring War on Crypto ATMsSpokane Valley, Washington became the latest US city to ban cryptocurrency ATMs this week, joining a growing list of municipalities that have decided the machines cause more harm than good. The vote was unanimous. The reason, as it almost always is with these bans, comes down to fraud - specifically the kind where someone gets a panicked phone call from a "government official" and ends up f…