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Framingham, Massachusetts bans crypto ATMs after $397,000 in scam losses
The city council voted unanimously in November to ban crypto ATMs, citing scam losses, with a district attorney backing the measure.
Quick take
- Framingham, Massachusetts has banned crypto ATMs after $397,000 in resident scam losses.
- The City Council voted unanimously in November, and Middlesex DA Marian Ryan backs the ban.
- Police will ask host businesses to disconnect the machines, and the city joins 22 other communities.
Since 2023, residents of Framingham, Massachusetts have lost $397,000 in scams tied to crypto ATMs, and the city has now banned the machines, DailyHodl reported. The City Council voted unanimously at its November meeting to approve the prohibition, with every member supporting the measure.
Councilor Mary Kate Feeney introduced the proposal in October, ahead of the November vote, and she said protecting seniors from scams is a priority. The ban aims to protect seniors, non-English speakers and lower-income residents, and Middlesex District Attorney Marian Ryan backs it.
Ryan said there have been 10 crypto ATM scam cases in Framingham. Stolen funds are hard to recover, and the wallets receiving them are often located overseas.
Police plan to notify the businesses that host the machines, and those businesses are to disconnect them. The city joins 22 other Massachusetts communities that have taken action on crypto ATMs.
Sources
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