Albuquerque Bans Bitcoin ATMs, Mandates Removal Within 45 Days

The Albuquerque City Council has passed an ordinance banning cryptocurrency ATMs and cashier-assisted virtual currency transactions within city limits. Operators and retailers have 45 days to remove the equipment. Council members cited concerns that 90% of local crypto ATM transactions are linked to fraud, organized crime, and human trafficking. Residents remain free to hold, mine, and transfer crypto via online exchanges and personal wallets.