Canada's Bitcoin ATM network grows 5% in 2026 despite proposed federal ban.

Canada added 176 new Bitcoin ATMs in early 2026, raising the total to 3,904 units by May 4, marking a nearly 5% increase year-to-date and a record high. This growth occurred even as the federal government proposed a nationwide ban on crypto ATMs to combat fraud and criminal use. The government plans to enhance regulatory oversight through FINTRAC, potentially restricting crypto ATM operators who currently register as Money Services Businesses. Meanwhile, other regions like the U.S. and Europe saw declines in Bitcoin ATM numbers amid increased regulatory scrutiny.