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๐จ๐ฆBREAKING: CANADA IS BANNING CRYPTO ATMs NATIONWIDE CALLING THEM A KEY TOOL FOR SCAMS AND ILLICIT MONEY FLOWS
The country with the WORLDโS HIGHEST crypto ATM density per capita is going full crackdown.
โข Nearly 4,000 MACHINES across Canada now face prohibition
โข The government labels them prime infrastructure for money laundering and fraud
This is a direct hit on one of the easiest on-ramps for retail crypto adoption in North America.
$BTC liquidity and on ramping just got materially harder in Canada. Expect a short term headwind for North American adoption narratives, while pushing more volume toward decentralized alternatives and offshore options.
Regulatory pressure is clearly accelerating.