The Haverhill City Council in Massachusetts is considering a ban on cryptocurrency ATMs, citing concerns over financial fraud, money laundering risks, and lack of recourse for users. If enacted, the ordinance would require the removal of all existing crypto ATMs and kiosks within 60 days, with violators facing a daily fine of $300. The proposal passed its initial review with unanimous support from all 11 council members on March 17 and will proceed to further voting stages.
Haverhill City Council Advances Ban on Cryptocurrency ATMs
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