The Albuquerque City Council in New Mexico has banned crypto ATMs and any in-person crypto transactions at cash registers, citing fraud concerns. Once the ordinance goes into effect, operators must immediately shut down all crypto machines and have 45 days to remove them from the city.

What’s Actually Banned

The new rules make it illegal to install, operate, service, or host crypto ATMs anywhere within Albuquerque city limits. The ban also covers stores and any other venues that provide space for these machines.

The ordinance also outlaws any transaction where a cashier or employee accepts payment to buy, sell, or transfer cryptocurrency at the counter.

Timeline and Operator Requirements

All crypto ATMs must be powered down as soon as the ordinance is in force. Operators then have 45 days to dismantle and remove the machines from the city.

Who’s Affected by the Ban

This decision impacts crypto ATM operators, as well as any business hosting these machines on their premises. It also applies to companies that handle crypto transactions at the register through their staff.