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🇨🇦BREAKING: CANADA IS BANNING CRYPTO ATMs NATIONWIDE CALLING THEM A KEY TOOL FOR SCAMS AND ILLICIT MONEY FLOWS
The country with the WORLD’S HIGHEST crypto ATM density per capita is going full crackdown.
• Nearly 4,000 MACHINES across Canada now face prohibition
• 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.