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Albuquerque
2026-09-14 06:44:03

Albuquerque bans crypto ATMs and over-the-counter crypto trading services

Albuquerque, New Mexico, passed Ordinance O-26-49 on Sept. 10, banning the operation, hosting, or facilitation of crypto ATMs and over-the-counter cryptocurrency trading services within city limits. According to Bitcoin.com News, City Councilor Stephanie W. Telles said about 90% of such transactions in the area are tied to fraud. The ordinance gives operators 45 days from its effective date to remove affected machines, and individuals or entities that violate the rule face cumulative fines. City Councilor Tammy Fiebelkorn said the measure is meant to remove physical infrastructure that supports fraudulent activity. The ban does not affect residents’ ability to hold, own, mine, or transfer digital assets through other means. The report also noted that the number of crypto ATMs in the United States has fallen from 38,708 to 27,945 after Bitcoin Depot ceased operations.

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Albuquerque bans crypto ATMs and over-the-counter crypto trading services
Albuquerque
2026-09-11 10:20:08

Albuquerque bans crypto ATMs and gives operators 45 days to remove machines

The Albuquerque City Council in New Mexico has passed an ordinance banning cryptocurrency ATMs and virtual currency transactions carried out with over-the-counter assistance within city limits. Under the measure, the city will notify known operators and the retailers hosting the machines, which must be removed within 45 days. Councilor Stephanie Telles said 90% of crypto ATM transactions in the city are tied to scams, adding that high fees have limited legitimate use of the machines. Councilor Tammy Fiebelkorn said the instant, anonymous and irreversible nature of such transactions can be exploited by scam networks, organized crime and human traffickers. The council said residents will still be allowed to hold, mine and transfer cryptocurrencies through online trading platforms and personal wallets. The report also noted that Indiana, Tennessee and Minnesota have already imposed statewide bans on similar devices. Bitcoin Depot, once the largest operator in North America, filed for bankruptcy in May, taking about 9,700 machines offline.

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Albuquerque bans crypto ATMs and gives operators 45 days to remove machines
Albuquerque
2026-09-11 10:21:35

Albuquerque passes ordinance banning crypto ATMs across the city, orders removal within 45 days

The Albuquerque City Council in New Mexico approved an ordinance on Wednesday that bans cryptocurrency ATMs, or crypto kiosks, from operating within city limits and also bars virtual currency transactions assisted by cashiers. Under the measure, the city will notify known operators and retailers hosting the machines and require them to remove the devices within 45 days. The ordinance was introduced by District 1 Councilor Stephanie Telles and District 7 Councilor Tammy Fiebelkorn. Telles said 90% of crypto ATM transactions in Albuquerque are linked to fraud, adding that the machines are used primarily by scammers, organized crime groups, and human traffickers because the transactions are instant, anonymous, and irreversible. Fiebelkorn said the city cannot wait for federal regulators to resolve the problem. The council said residents will still be free to hold, mine, and transfer cryptocurrencies through online exchanges and personal wallets. The move comes as Indiana, Tennessee, and Minnesota have already enacted statewide bans on such machines, while Delaware, New Jersey, and Texas are advancing or considering similar restrictions. Bitcoin Depot, one of the largest operators in North America, filed for bankruptcy protection in May and removed about 9,700 machines. FBI data shows nearly 11,000 kiosk fraud complaints in 2024 involving more than $246 million.

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Albuquerque passes ordinance banning crypto ATMs across the city, orders removal within 45 days
Policy and Re
2026-09-10 15:14:49

Bitcoin Bancorp buys a portion of defunct Bitcoin Depot ATMs for $620,000

Court records show that slightly more than a quarter of Bitcoin Depot’s more than 9,200 kiosks have been sold for less than $1 million. The buyer was Bitcoin Bancorp, which paid $620,000 for the batch of machines tied to the defunct Bitcoin Depot operation. The transaction covers a sizable slice of the company’s kiosk network, based on the figures provided in the filing summary. No additional deal terms were disclosed in the input.

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Bitcoin Bancorp buys a portion of defunct Bitcoin Depot ATMs for $620,000
Bitcoin ATM
2026-09-10 15:23:47

Bitcoin Bancorp buys 2,547 Bitcoin Depot ATMs after bankruptcy filing

Bitcoin Depot, a Bitcoin ATM operator, has sold roughly a quarter of its more than 9,200 kiosks after filing for Chapter 11 bankruptcy protection in May. Publicly traded digital asset infrastructure company Bitcoin Bancorp (BCBC) won 2,547 ATMs for $620,750 and agreed to pay an additional $110,500 for related site agreements, intellectual property, trademarks, patents, and the BitcoinDepot.com domain. Before the filing, Bitcoin Depot reported a 49% year-over-year drop in first-quarter revenue, while profit swung from $12.2 million to a $9.5 million loss. In its last full financial report before bankruptcy, for the fourth quarter of 2025, the company valued all property and equipment at more than $26 million, with 98% tied to kiosks. Bitcoin Bancorp, based in Las Vegas and formerly known as Bullet Blockchain, trades at $0.04 on OTC Markets with a market capitalization of about $18.5 million. The company said the remaining closings are expected to be completed next quarter. The sale comes as regulators step up scrutiny of crypto ATMs, with 2025 scam losses reaching $389 million, up 58% year over year.

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Bitcoin Bancorp buys 2,547 Bitcoin Depot ATMs after bankruptcy filing