Washington�s second-biggest city, Spokane, bans crypto ATMs

INSUBCONTINENT EXCLUSIVE:
Spokane, the second-largest city in Washington state, has banned crypto ATMs in response to a surge in scam activity targeting local
residents.Spokane City Council said on Monday that it became the first city in Washington to ban cryptocurrency ATMs following a unanimous
remove existing kiosks
infractions and business license revocation.On Tuesday, the Spokane City Council said it will track progress and report on whether the
also been targeting the elderly, with two-thirds of the victims of crypto kiosk fraud and scams being over 60, it noted.Crypto ATM losses in
2024