Spokane Valley city council bans cryptocurrency ATMs due to increasing scam losses and difficulties tracing transactions

SPOKANE VALLEY, Wash. -- The Spokane Valley City Council unanimously approved a ban on cryptocurrency ATMs within city limits. Spokane Valley Police have recording significant financial losses from scams involving cryptocurrency ATMs, including a recent case where a victim lost $300,000. PREVIOUS COVERAGE: Spokane Valley considers banning cryptocurrency ATMs to combat scams Scammers typically pose Source: https://www.fox28spokane.com/spokane-valley-city-council-bans-cryptocurrency-atms-due-to-increasing-scam-losses-and-difficulties-tracing-transactions/