Albuquerque Enforces Ban on Crypto ATMs, Imposes $500 Daily Fines for Violations

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Albuquerque, New Mexico has imposed a ban on cryptocurrency ATMs and related services, requiring businesses to cease operations by December 5. Violators are subject to daily fines of $500, license revocation, or closure. The measure does not impact residents’ ability to hold, mine, or privately transfer cryptocurrency. The CFTC reported over $388 million in fraud losses related to cryptocurrency ATMs in 2025, underscoring risks to liquidity and crypto markets.

Odaily Planet Daily report: The ban on cryptocurrency ATMs and over-the-counter cryptocurrency transaction services in Albuquerque, New Mexico, has taken effect; affected businesses must immediately cease operations and remove their devices by December 5.

Albuquerque’s cryptocurrency ordinance prohibits businesses, landlords, property owners, and retailers from operating or providing space for cryptocurrency ATMs; violators may face daily fines of $500, revocation of their business license, and potential closure of their entire business.

The regulation does not restrict residents from legally holding, mining, or privately transferring cryptocurrencies via internet exchanges and personal digital wallets. The U.S. Commodity Futures Trading Commission (CFTC) reported that losses from cryptocurrency ATM scams exceeded $388 million in 2025. (Bitcoin.com News)

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