{"id":3690877,"date":"2026-04-29T08:58:36","date_gmt":"2026-04-29T12:58:36","guid":{"rendered":"https:\/\/www.pymnts.com\/?p=3690877"},"modified":"2026-04-29T08:58:36","modified_gmt":"2026-04-29T12:58:36","slug":"canada-moves-to-outlaw-crypto-atms-amid-rising-fraud","status":"publish","type":"post","link":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/","title":{"rendered":"Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud"},"content":{"rendered":"<p style=\"font-weight: 400;\">With fraud on the rise, the Canadian government is proposing a ban on crypto ATMs.<\/p><div\r\n\tid=\"article-paywall-overlay\"\r\n\tclass=\"d-none\"\r\n>\r\n\t<div id=\"article-paywall-content\" class=\"my-4\">\r\n\t\t\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f2699550-o1\" lang=\"en-US\" dir=\"ltr\" data-wpcf7-id=\"2699550\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/wp-json\/wp\/v2\/posts\/3690877#wpcf7-f2699550-o1\" method=\"post\" class=\"wpcf7-form init pymnts-article-paywall-form\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"2699550\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.5\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f2699550-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/fieldset>\n<div class=\"free-articles-prompt-intro\">\n\t<h2 class=\"mb-2\">Get the Full Story\n\t<\/h2>\n\t<p class=\"mb-4\">Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content \u2014 no additional logins required.\n\t<\/p>\n\t<div id='registrationContainer' class='container px-0'>\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col-12 col-md-6\">\n\t\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"firstName\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary\" id=\"firstName\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"First Name*\" value=\"\" type=\"text\" name=\"firstName\" \/><\/span>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"col-12 col-md-6\">\n\t\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"lastName\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary\" id=\"lastName\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Last Name*\" value=\"\" type=\"text\" name=\"lastName\" \/><\/span>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"col-12 col-md-6\">\n\t\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"YourTitle\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary\" id=\"inputTitle\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Title*\" value=\"\" type=\"text\" name=\"YourTitle\" \/><\/span>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"col-12 col-md-6\">\n\t\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"YourCompany\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary\" id=\"inputCompany\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Company*\" value=\"\" type=\"text\" name=\"YourCompany\" \/><\/span>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"col-12 col-md-6\">\n\t\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"YourEmail\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email form-control border-secondary\" id=\"inputEmail\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Email*\" value=\"\" type=\"email\" name=\"YourEmail\" \/><\/span>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"col-12 col-md-6\">\n\t\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"YourCountry\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary\" id=\"inputCountry\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Country*\" value=\"\" type=\"text\" name=\"YourCountry\" \/><\/span>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"col-12 col-md-6\">\n\t\t\t<input class=\"wpcf7-form-control wpcf7-hidden\" id=\"inputEmailHidden\" value=\"\" type=\"hidden\" name=\"yourName\" \/>\n\t\t\t<input class=\"wpcf7-form-control wpcf7-hidden\" value=\"\" type=\"hidden\" name=\"email\" \/>\n\t\t\t<\/div>\n\t\t\t<div class=\"col-12\">\n\t\t\t\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"newsLetterChoice\"><span class=\"wpcf7-form-control wpcf7-checkbox me-1\" id=\"checkNewsletter\"><span class=\"wpcf7-list-item first last\"><input type=\"checkbox\" name=\"newsLetterChoice[]\" value=\"yes\" checked=\"checked\" \/><span class=\"wpcf7-list-item-label\">yes<\/span><\/span><\/span><\/span><span class=\"small\">Subscribe to our daily newsletter, PYMNTS Today.<\/span>\n\t\t\t\t<\/p>\n\t\t\t\t<p class=\"small lh-base\" style=\"font-size:.9rem;\">By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our <a class=\"fw-bold\" href=\"https:\/\/pymnts-com-develop.go-vip.net\/privacy-policy\/\">Privacy Policy<\/a> and <a class=\"fw-bold\" href=\"https:\/\/pymnts-com-develop.go-vip.net\/terms-conditions\/\">Terms and Conditions<\/a>.\n\t\t\t\t<\/p>\n\t\t\t\t<p><input id='hiddenPath' type='hidden' name='path' value='' \/><input type='hidden' name='userDeviceId' id='userDeviceId' \/><input type='hidden' name='pageTitle' id='pageTitle' \/>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t\t<div class=\"col-12\">\n\t\t\t\t<div id='formButtonRow' class='container mt-1 px-0'>\n\t\t\t\t\t<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner btn btn-dark text-uppercase py-2 px-5 small\" id=\"theSubmitButton\" type=\"submit\" value=\"Submit\" \/>\n\t\t\t\t\t<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div><input type=\"hidden\" name=\"post_id\" value=\"3690877\" \/><input type=\"hidden\" name=\"source\" value=\"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/\" \/><p style=\"display: none !important;\" class=\"akismet-fields-container\" data-prefix=\"_wpcf7_ak_\"><label>&#916;<textarea name=\"_wpcf7_ak_hp_textarea\" cols=\"45\" rows=\"8\" maxlength=\"100\"><\/textarea><\/label><input type=\"hidden\" id=\"ak_js_1\" name=\"_wpcf7_ak_js\" value=\"122\"\/><script>document.getElementById( \"ak_js_1\" ).setAttribute( \"value\", ( new Date() ).getTime() );<\/script><\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n\r\n\t<\/div>\r\n<\/div>\r\n<div id=\"article-paywall-hidden-content\">\r\n\t\n<p style=\"font-weight: 400;\">That\u2019s according to the country\u2019s\u00a0<a href=\"https:\/\/budget.canada.ca\/update-miseajour\/2026\/report-rapport\/chap2-en.html#a27\">Spring Economic Update<\/a>\u00a0for 2026, which was released Tuesday (April 28) and covers, among other things, efforts to combat financial crime.<\/p>\n<p style=\"font-weight: 400;\">This includes a ban on\u00a0<a href=\"https:\/\/www.pymnts.com\/tag\/crypto-atms\/\">crypto ATMs<\/a>, which the government says would \u201cprotect Canadians by shutting down a primary method for scammers to defraud victims and for criminals to place their cash proceeds of crime.\u201d<\/p>\n<p style=\"font-weight: 400;\">Consumer fraud, the update says, is growing in \u201csophistication,\u201d with fraudsters employing technological advances to target their victims. Canadians lost more than $704 million to fraud last year, the report said, bringing total reported losses since 2022 to upwards of $2.4 billion.<\/p>\n<p style=\"font-weight: 400;\">\u201cWith only an estimated 5-to-10 per cent of consumer-targeted fraud incidents being reported, the true impact is likely far higher,\u201d the updated added.<\/p>\n<p style=\"font-weight: 400;\">The proposed crypto ATM ban would make Canada the latest in a series of jurisdictions looking to restrict or\u00a0<a href=\"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/crypto-atms-under-fire-following-wave-of-fraud\/\">even outlaw<\/a> the machines, which allow users to convert cash into digital currencies such as bitcoin before sending them to digital wallets.<\/p><div id=\"pymnt-4283714618\" class=\"pymnt-content pymnt-entity-placement\" style=\"margin-top: 50px;\"><p style=\"text-align:center\">Advertisement: Scroll to Continue<\/p><script async type=\"text\/javascript\" id=\"dianomi_context_script\" src=\"https:\/\/www.dianomi.com\/js\/contextfeed.js\"><\/script> \r\n<div class=\"dianomi_context\" data-dianomi-context-id=\"4329\"><\/div><\/div>\n<p style=\"font-weight: 400;\">Last month, Connecticut\u2019s banking regulator\u00a0<a href=\"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/bitcoin-depots-atms-face-compliance-related-ban-in-connecticut\/\">suspended<\/a>\u00a0the money transmission license held by\u00a0<a href=\"https:\/\/bitcoindepot.com\/\">Bitcoin Depot<\/a>, the world\u2019s largest crypto ATM operator, for allegedly violating compliance requirements, overcharging customers and failing to refund fraud victims.<\/p>\n<p style=\"font-weight: 400;\">According to a\u00a0<a href=\"https:\/\/www.icij.org\/investigations\/coin-laundry\/massachusetts-sues-bitcoin-depot-alleging-the-crypto-atm-operator-knowingly-facilitated-crypto-scams\/\">report<\/a>\u00a0from the International Consortium of Investigative Journalists, the company is also being sued in Massachusetts.<\/p>\n<p style=\"font-weight: 400;\">This lawsuit came after investigators found that more than half of the money flowing through Bitcoin Depot kiosks in the state between August 2023 and January 2025 was scam related. The company has said it disagrees with claims that it facilitates scams and said it works with law enforcement to prevent financial crime.<\/p>\n<p style=\"font-weight: 400;\">The Federal Trade Commission (FTC) has argued that as crypto ATMs have appeared in more locations, they have become a\u00a0\u201c<a href=\"https:\/\/www.pymnts.com\/news\/security-and-risk\/2024\/ftc-reports-tenfold-increase-in-scams-involving-bitcoin-atms\/\">payment portal for scammers<\/a>.\u201d<\/p>\n<p style=\"font-weight: 400;\">The commission said in 2024 that scammers were increasingly relying on bitcoin ATMs to help them in government impersonation, business impersonation and tech support scams.<\/p>\n<p style=\"font-weight: 400;\">However, crypto industry proponents claim that bans on the ATMs won\u2019t eliminate fraud, and could harm consumers.<\/p>\n<p style=\"font-weight: 400;\">\u201cEliminating them may reduce certain fraud vectors, but it also removes one of the last public-access tools for financial privacy and cash-to-crypto conversion,\u201d Alex Davis, founder and CEO of blockchain company Mavryk, told CNBC earlier this year.<\/p>\n<p style=\"font-weight: 400;\">\u201cThe question isn\u2019t whether crypto ATMs should exist; it\u2019s whether society is comfortable with a future where every dollar must pass through a fully surveilled, fully permissioned gatekeeper.\u201d<\/p>\n\r\n<\/div>\r\n<script>\r\n\twindow.pymntsAllowedArticleCount = 2;\r\n\twindow.pymntsPostID = 3690877;\r\n<\/script>","protected":false},"excerpt":{"rendered":"<p>With fraud on the rise, the Canadian government is proposing a ban on crypto ATMs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content \u2014 no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3691169,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[34410],"tags":[3775,4410,157802,4577,4174,9206,133069,5094,5299],"class_list":["post-3690877","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-atms","tag-canada","tag-crypto-atms","tag-cryptocurrency","tag-fraud","tag-news","tag-pymnts-news","tag-scams","tag-whats-hot"],"acf":{"suggested_titles":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud<\/title>\n<meta name=\"description\" content=\"As part of its efforts to combat financial crime, the Canadian government is proposing a ban on crypto ATMs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud | PYMNTS.com\" \/>\n<meta property=\"og:description\" content=\"With fraud on the rise, the Canadian government is proposing a ban on crypto ATMs. That\u2019s according to the country\u2019s\u00a0Spring Economic Update\u00a0for 2026,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/\" \/>\n<meta property=\"og:site_name\" content=\"PYMNTS.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pymnts\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/pymnts\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-29T12:58:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pymnts.com\/wp-content\/uploads\/2026\/04\/Canada-crypto-ATMs.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"PYMNTS\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@pymnts\" \/>\n<meta name=\"twitter:site\" content=\"@pymnts\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/cryptocurrency\\\/2026\\\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/cryptocurrency\\\/2026\\\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\\\/\"},\"author\":{\"name\":\"PYMNTS\",\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/#\\\/schema\\\/person\\\/9f0152ca483ca33a5d8121739eadfe4b\"},\"headline\":\"Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud\",\"datePublished\":\"2026-04-29T12:58:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/cryptocurrency\\\/2026\\\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\\\/\"},\"wordCount\":426,\"publisher\":{\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/cryptocurrency\\\/2026\\\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.pymnts.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/Canada-crypto-ATMs.png\",\"keywords\":[\"ATMs\",\"canada\",\"crypto ATMs\",\"Cryptocurrency\",\"fraud\",\"News\",\"PYMNTS News\",\"scams\",\"What's Hot\"],\"articleSection\":[\"Cryptocurrency\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/cryptocurrency\\\/2026\\\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\\\/\",\"url\":\"https:\\\/\\\/www.pymnts.com\\\/cryptocurrency\\\/2026\\\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\\\/\",\"name\":\"Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/cryptocurrency\\\/2026\\\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/cryptocurrency\\\/2026\\\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.pymnts.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/Canada-crypto-ATMs.png\",\"datePublished\":\"2026-04-29T12:58:36+00:00\",\"description\":\"As part of its efforts to combat financial crime, the Canadian government is proposing a ban on crypto ATMs.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/cryptocurrency\\\/2026\\\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.pymnts.com\\\/cryptocurrency\\\/2026\\\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/cryptocurrency\\\/2026\\\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.pymnts.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/Canada-crypto-ATMs.png\",\"contentUrl\":\"https:\\\/\\\/www.pymnts.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/Canada-crypto-ATMs.png\",\"width\":1200,\"height\":720,\"caption\":\"bitcoin ATM\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/cryptocurrency\\\/2026\\\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.pymnts.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/#website\",\"url\":\"https:\\\/\\\/www.pymnts.com\\\/\",\"name\":\"PYMNTS.com\",\"description\":\"The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.pymnts.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/#organization\",\"name\":\"PYMNTS\",\"url\":\"https:\\\/\\\/www.pymnts.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.pymnts.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/PYMNTS_2023_logo_black-1.png\",\"contentUrl\":\"https:\\\/\\\/www.pymnts.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/PYMNTS_2023_logo_black-1.png\",\"width\":3329,\"height\":687,\"caption\":\"PYMNTS\"},\"image\":{\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/pymnts\\\/\",\"https:\\\/\\\/x.com\\\/pymnts\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.pymnts.com\\\/#\\\/schema\\\/person\\\/9f0152ca483ca33a5d8121739eadfe4b\",\"name\":\"PYMNTS\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=96&d=blank&r=g\",\"caption\":\"PYMNTS\"},\"description\":\"The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.\",\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/pymnts\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/pymnts-com\",\"https:\\\/\\\/x.com\\\/pymnts\"],\"url\":\"https:\\\/\\\/www.pymnts.com\\\/author\\\/pymnts\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud","description":"As part of its efforts to combat financial crime, the Canadian government is proposing a ban on crypto ATMs.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/","og_locale":"en_US","og_type":"article","og_title":"Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud | PYMNTS.com","og_description":"With fraud on the rise, the Canadian government is proposing a ban on crypto ATMs. That\u2019s according to the country\u2019s\u00a0Spring Economic Update\u00a0for 2026,","og_url":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/","og_site_name":"PYMNTS.com","article_publisher":"https:\/\/www.facebook.com\/pymnts\/","article_author":"https:\/\/www.facebook.com\/pymnts","article_published_time":"2026-04-29T12:58:36+00:00","og_image":[{"width":1200,"height":720,"url":"https:\/\/www.pymnts.com\/wp-content\/uploads\/2026\/04\/Canada-crypto-ATMs.png","type":"image\/png"}],"author":"PYMNTS","twitter_card":"summary_large_image","twitter_creator":"@pymnts","twitter_site":"@pymnts","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/#article","isPartOf":{"@id":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/"},"author":{"name":"PYMNTS","@id":"https:\/\/www.pymnts.com\/#\/schema\/person\/9f0152ca483ca33a5d8121739eadfe4b"},"headline":"Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud","datePublished":"2026-04-29T12:58:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/"},"wordCount":426,"publisher":{"@id":"https:\/\/www.pymnts.com\/#organization"},"image":{"@id":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.pymnts.com\/wp-content\/uploads\/2026\/04\/Canada-crypto-ATMs.png","keywords":["ATMs","canada","crypto ATMs","Cryptocurrency","fraud","News","PYMNTS News","scams","What's Hot"],"articleSection":["Cryptocurrency"],"inLanguage":"en-US","copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/www.pymnts.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/","url":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/","name":"Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud","isPartOf":{"@id":"https:\/\/www.pymnts.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/#primaryimage"},"image":{"@id":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.pymnts.com\/wp-content\/uploads\/2026\/04\/Canada-crypto-ATMs.png","datePublished":"2026-04-29T12:58:36+00:00","description":"As part of its efforts to combat financial crime, the Canadian government is proposing a ban on crypto ATMs.","breadcrumb":{"@id":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/#primaryimage","url":"https:\/\/www.pymnts.com\/wp-content\/uploads\/2026\/04\/Canada-crypto-ATMs.png","contentUrl":"https:\/\/www.pymnts.com\/wp-content\/uploads\/2026\/04\/Canada-crypto-ATMs.png","width":1200,"height":720,"caption":"bitcoin ATM"},{"@type":"BreadcrumbList","@id":"https:\/\/www.pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.pymnts.com\/"},{"@type":"ListItem","position":2,"name":"Canada Moves to Outlaw Crypto ATMs Amid Rising Fraud"}]},{"@type":"WebSite","@id":"https:\/\/www.pymnts.com\/#website","url":"https:\/\/www.pymnts.com\/","name":"PYMNTS.com","description":"The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.","publisher":{"@id":"https:\/\/www.pymnts.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.pymnts.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.pymnts.com\/#organization","name":"PYMNTS","url":"https:\/\/www.pymnts.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.pymnts.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.pymnts.com\/wp-content\/uploads\/2023\/05\/PYMNTS_2023_logo_black-1.png","contentUrl":"https:\/\/www.pymnts.com\/wp-content\/uploads\/2023\/05\/PYMNTS_2023_logo_black-1.png","width":3329,"height":687,"caption":"PYMNTS"},"image":{"@id":"https:\/\/www.pymnts.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/pymnts\/","https:\/\/x.com\/pymnts"]},{"@type":"Person","@id":"https:\/\/www.pymnts.com\/#\/schema\/person\/9f0152ca483ca33a5d8121739eadfe4b","name":"PYMNTS","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/679fcf5c2ed5358e99e8e23b22e3b5d761e37bdb76fa7b0e13d8ecd9ff01bf88?s=96&d=blank&r=g","caption":"PYMNTS"},"description":"The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.","sameAs":["https:\/\/www.facebook.com\/pymnts","https:\/\/www.linkedin.com\/company\/pymnts-com","https:\/\/x.com\/pymnts"],"url":"https:\/\/www.pymnts.com\/author\/pymnts\/"}]}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/pymnts.com\/cryptocurrency\/2026\/canada-moves-to-outlaw-crypto-atms-amid-rising-fraud\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":[],"rendered":"","tracker_url":"https:\/\/cdn.parsely.com\/keys\/pymnts.com\/p.js"},"jetpack_featured_media_url":"https:\/\/www.pymnts.com\/wp-content\/uploads\/2026\/04\/Canada-crypto-ATMs.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pymnts.com\/wp-json\/wp\/v2\/posts\/3690877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pymnts.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pymnts.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pymnts.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pymnts.com\/wp-json\/wp\/v2\/comments?post=3690877"}],"version-history":[{"count":3,"href":"https:\/\/www.pymnts.com\/wp-json\/wp\/v2\/posts\/3690877\/revisions"}],"predecessor-version":[{"id":3691181,"href":"https:\/\/www.pymnts.com\/wp-json\/wp\/v2\/posts\/3690877\/revisions\/3691181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pymnts.com\/wp-json\/wp\/v2\/media\/3691169"}],"wp:attachment":[{"href":"https:\/\/www.pymnts.com\/wp-json\/wp\/v2\/media?parent=3690877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pymnts.com\/wp-json\/wp\/v2\/categories?post=3690877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pymnts.com\/wp-json\/wp\/v2\/tags?post=3690877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}