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Canadian Government Reportedly Weighs Restrictions on Crypto ATMs

Canada’s federal government is reportedly considering restrictions on cryptocurrency automated teller machines, citing their use in fraud and money laundering, according to Cointelegraph, which referenced a post on X on April 28, 2025. Crypto ATMs have expanded across Canada as a common method for converting cash to digital assets. The reported proposal focuses on addressing illicit finance risks associated with these machines and does not indicate broader restrictions on cryptocurrency use. Canadian authorities have not yet issued an official statement confirming the details of any proposed measures.
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