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2026-04-29 02:34:01

Techub News Report, according to CBC, the Canadian federal government announced in its Spring 2026 Economic Update plans to ban cryptocurrency ATMs to protect citizens from fraud. The government identified such ATMs as a "primary method" of scams.

These ATMs allow users to purchase cryptocurrencies directly with cash, and their anonymity and irreversible transactions are often exploited by scammers. The specific implementation date of this policy has not yet been determined, marking a stricter stance by Canada in the area of cryptocurrency consumer protection.

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