Haverhill, MA City Council considers banning crypto ATMs

The Haverhill City Council in Massachusetts is considering an ordinance to ban the installation of cryptocurrency ATMs, Cointelegraph reported. The sponsor of the ordinance emphasized that crypto ATMs could pose potential risks, exposing residents to financial fraud and money laundering. If the ordinance is passed, all crypto kiosks and ATMs within Haverhill would be required to be removed within 60 days. Violators would face a fine of $300 per day.