Crypto ATMs face 60-day removal order in U.S. city – Report

Haverhill, a metropolis in Massachusetts, United States, is shifting forward with a plan to ban cryptocurrency ATMs completely.

Melinda E. Barrett, the mayor of Haverhill, has proposed an ordinance to the Metropolis Council including a brand new chapter to the Massachusetts metropolis’s authorized code.

Massachusetts metropolis to ban crypto ATMs

Proposed on the seventeenth of March, the ordinance has already obtained 11 votes in favour, displaying widespread settlement on the matter.

Certainly, citing the explanations behind this ban, the mayor argued,

Unregulated Cryptocurrency ATMs pose dangers to shoppers, together with monetary fraud, cash laundering, and lack of recourse for customers.

This has resulted within the aged and gullible tech customers shedding cash to scams and fraud. Moreover, the dearth of “federal and state client safety and regulatory oversight” has prompted the mayor to suggest this regulation. 

As per the regulation, all current machines inside the metropolis should be eliminated and fully shut down inside 60 days. If not, then a high-quality of $300 per day per machine will likely be imposed on the violators. 

With about 415 crypto ATMs in and round Haverhill, in accordance with CoinATMRadar, this transfer is essential for residents’ safety from fraudsters.

Why is Bitcoin Depot being focused essentially the most?

Evidently, Bitcoin [BTC] Depot leads the Crypto ATM house as the most important operator. This makes the ATM most uncovered to crypto scams because of excessive transaction quantity and utilization.

In truth, in accordance with its quarterly report, Bitcoin Depot has seen a streak of income losses for the reason that finish of Q3 in 2025.

Amidst these regarding numbers, Scott Buchanan stepped down because the CEO. Following this, Alex Holmes, a former CEO of MoneyGram, was appointed the brand new CEO of Bitcoin Depot.

Moreover, in February 2026, Massachusetts Lawyer Normal Andrea Pleasure Campbell sued Bitcoin Depot. She alleged that scammers used the corporate’s ATM to defraud residents.

But, regardless of such developments, Bitcoin Depot’s inventory surged by 7.39% within the final buying and selling session to succeed in $2.18. Nonetheless, the larger concern stays because the inventory has seen a drop of over 91% previously 6 months. 

Haverhill – Not the one boat within the sea of crypto scams

Now, as these crypto ATM scams proceed to function, New Hampshire has handed bipartisan laws to guard the victims. Based on the regulation, victims of crypto ATM scams will recive reimbursed, supplied they report the fraud inside 14 days. 

This coincided with an enormous incident that passed off in October 2025. As reported by the Police, a South Hadley enterprise proprietor had rented out a crypto ATM for $200 monthly.

Throughout this time, a scammer impersonated him and focused his staff. 

This, in flip, resulted in a lack of over $11,000.

Following this incident, South Hadley officers stepped in. They imposed an entire ban on crypto ATMs – an analogous method was made by Waltham and Gloucester.

Closing Abstract

• Crypto ATMs, as soon as seen as a software to deliver crypto to on a regular basis use, are actually performing as a supply of scams and fraud.
• Haverhill shouldn’t be the one one to take this step: South Hadley, New Hampshire, Waltham, Gloucester, and lots of extra cities are going forward with this.