Canada Announces Nationwide Ban on Cryptocurrency ATMs
Canada has announced a nationwide ban on cryptocurrency ATMs, citing their role in financial crime and fraud. The move, outlined in the Spring Economic Statement on April 28, 2026, aims to address over $2.4 billion in reported losses since 2022. The government plans to establish a new Financial Crimes Agency (FCA) with investigative and prosecutorial powers.
Topics: Canada Cryptocurrency Financial Crime Fraud Regulation