Canada’s plan to ban crypto ATMs worries industry, advocates

A proposal from the federal government to ban cryptocurrency ATMs is drawing backlash from Canada’s digital asset industry, with advocates and industry leaders calling for more consultation. Buried in a section of Canada’s Spring Economic Update 2026 is a subsection outlining the establishment of a Financial Crimes Agency that would combat illicit financial activity like fraud and money laundering. A line item therein reads: “to protect Canadians by shutting down a primary method for scammers to