Bitcoin ATMs in Canada hit record high despite proposed 2026 nationwide ban

Bitcoin ATM operators in Canada have increased their number of machines by 176 units in 2026, reaching a record 3,904 outlets as of early May. This growth comes despite the Canadian government's proposal to ban all crypto ATMs nationwide in its Spring Economic Update 2026, aiming to curb fraud and criminal use. Operators continue installing new units amid regulatory pressure, while other regions like the U.S. and Europe see declines in Bitcoin ATM numbers. The situation highlights resilience in Canada’s crypto ATM market amid tightening regulations globally.