New law bans cryptocurrency kiosks in Albuquerque
An ordinance banning cryptocurrency kiosks in the City of Albuquerque was signed into law Friday as authorities warn of a high-level of fraud associated with them.
Officials say there are at least 100 of the kiosks in convenience stores and smoke shops around Albuquerque. The city is still ironing out a plan to remove the kiosks – which are often exploited by scammers to defraud the public.
The “Virtual Currency Ordinance,” sponsored by city councilors Stephanie Telles and Tammy Fiebelkorn, was passed by city council Sept. 9 on a 6-3 vote, with councilors Brook Bassan, Renée Grout and Dan Lewis voting against.
An ordinance banning cryptocurrency kiosks in the city of Albuquerque was signed into law Friday as authorities warn of a high level of fraud associated with the machines.
Officials say there are at least 100 of the kiosks in convenience stores and s... [4793 chars]
Published by: Albuquerque Journal
Read full article here: https://www.abqjournal.com/news/new-law-bans-cryptocurrency-kiosks-in-albuquerque/3134039
