Layton City Bans Crypto ATMs to Fight Scams
Salt Lake City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Layton City becomes the first to ban crypto ATMs, aiming to protect residents from scams. After documenting over $2 million in losses, the city council passed Ordinance 26-07, shutting down Bitcoin teller machines. Despite warning signs and public awareness efforts, scams persisted, leading to the full ban. Existing machines must disappear within 60 days, or face misdemeanor charges.
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