Peer countries are tightening regulations on crypto ATMs to fight fraud, so why isn’t Canada?

There are no regulations specifically designed for the crypto ATM industry in Canada, which has seen more than $1 billion in transactions across the country so far this year. That’s despite Canada’s financial intelligence agency, FINTRAC, determining crypto ATMs have become the main method fraudsters use to get money from scam victims — and several of Canada’s peer countries cracking down on the industry with targeted regulations in recent years.
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