Spokane BANS crypto ATMs amid surge in scams targeting vulnerable residents – NaturalNews.com
The city of Spokane in Washington state became the first city in the state to ban cryptocurrency ATMs through a unanimous City Council vote. The ban targets a surge in fraud exploiting crypto ATMs, where scammers (often impersonating officials) pressure vulnerable groups like the elderly into transferring life savings into untraceable digital currencies. In 2023, the FBI reported $5.6 billion in national losses from such scams, with Washington state alone losing $142 […]