Albuquerque Bans Bitcoin ATMs, Giving Operators 45 Days to Remove Them

A councilor said 90% of crypto kiosk transactions in the city are tied to fraud, calling the machines a conduit for crime.
Key Takeaways
- A councilor said 90% of crypto kiosk transactions in the city are tied to fraud, calling the machines a conduit for crime.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Decrypt. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Bitcoin and Gold Prices Crash As Core CPI Runs Hot
US inflation delivered a mixed signal in August, with headline consumer prices matching expectations while underlying inflation came in hotter than economists forecast. Bitcoin and Gold prices crashed in the immediate aftermath as the data adds fresh…

Core CPI rose a faster-than-forecast 0.3% in August, setting up possible Fed rate hike
The August CPI report had taken on outsized importance after Fed Chair Kevin Warsh two weeks ago suggested the central bank may have to act if inflation doesn't soon slow.