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Albuquerque bans Bitcoin ATMs citing 90% fraud rate, operators must comply in 45 days

Market News
11 Sep 2026
Crypto Briefing
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Bearish
Albuquerque bans Bitcoin ATMs citing 90% fraud rate, operators must comply in 45 days

Albuquerque city council has passed an ordinance banning cryptocurrency ATMs due to a reported 90% fraud rate in transactions at these kiosks. Operators have 45 days to remove their machines, aiming to protect consumers, especially the elderly, from scams that led to millions in losses in New Mexico and nationwide. The ban targets physical crypto kiosks only, not personal crypto ownership or online trading. This move reflects a growing trend among US cities to regulate crypto ATM fraud more strictly.

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