Canada is set to ban cryptocurrency ATMs and restrict crypto donations in political campaigns as part of a broader effort to tighten oversight of digital assets. The federal government, citing fraud concerns, plans to eliminate nearly 4,000 crypto ATMs nationwide, which are identified as key channels for scam-related transactions. FINTRAC's analysis highlights these machines as central tools in fraud schemes, allowing quick, low-oversight transactions. In parallel, lawmakers are advancing Bill C-25, which aims to prohibit the use of cryptocurrencies in federal political donations. The bill, known as the Strong and Free Elections Act, seeks to prevent political parties and related entities from accepting crypto contributions, addressing challenges in verifying donor identities and tracing funds. The legislative measures reflect Canada's commitment to enhancing transparency and reducing fraud risks in both financial and political sectors.