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#1 out of 15.07%
technology6h ago
Layton City adopts ordinance to prohibit cryptocurrency ATMs
Kutv.com and 2 more
- Layton City bans physical cryptocurrency kiosks, with existing machines to be removed within 60 days under a new ordinance.
- The ban follows a probe linking about $2 million in fraud-related losses between 2021 and 2025 to crypto kiosks and related scams.
- Criminals were observed pressuring victims to deposit cash into crypto kiosks, with funds moving to the offender’s digital wallet and hindering recovery.
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