Canada proposes ban on crypto ATMs as fraud cases mount
Canada's Liberal government has proposed a nationwide ban on crypto ATMs to combat rising fraud and money laundering. Officials have identified these machines as a primary method used by scammers to defraud victims and launder illicit cash. The proposal is part of a broader effort to protect Canadians and includes discussions on banning crypto for electoral donations.
- ▪The proposed ban aims to eliminate crypto ATMs across Canada.
- ▪Officials claim these machines are a primary method for scammers and criminals.
- ▪The move follows a 2023 analysis by FINTRAC linking crypto ATMs to fraud schemes.
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| Original publisher | CoinDesk |
| Canonical URL | https://www.coindesk.com/markets/2026/04/29/canada-proposes-ban-on-bitcoin-atms-as-fraud-cases-mount |
| Publication time | Wed, 29 Apr 2026 05:14:33 +0000 |
| Retrieval time | 2026-04-29T05:33:26.587Z |
| Last seen | 2026-04-29T05:33:26.587Z |
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MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCanada proposes ban on crypto ATMs as fraud cases mountCanada's Liberal government calls machines a “primary method” for scams as data and law enforcement link them to rising lossesBy Sam Reynolds|Edited by Omkar Godbole Apr 29, 2026, 5:14 a.m. 2 min readMake preferred on What to know: Canada’s Liberal government has proposed a nationwide ban on bitcoin and other crypto ATMs as part of a broader effort to combat fraud and money laundering.Officials say crypto ATMs have become a “primary method” for scammers to defraud victims and for criminals to launder illicit cash, citing findings from the financial intelligence agency FINTRAC.The move comes as lawmakers also weigh banning crypto as a form of electoral…
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