Kennewick Moves to Remove Bitcoin ATMs After Nearly $1 Million in Losses as Minnesota and Singapore Flag Crypto Scams
Kennewick City Council will review a proposal Tuesday to ban all virtual currency kiosks after police linked them to $923,771 in losses across 37 cases. Four incidents this year totaled $132,840. Washington and Minnesota lawmakers are considering stricter regulations or bans, citing scams targeting older adults. Industry groups argue the machines are not to blame.