Framingham Council Approves Crypto ATM Ban After $397,000 in Scam Losses

Framingham’s City Council unanimously approved a ban on cryptocurrency ATMs at a November meeting after 10 scam cases involving the machines in the city resulted in $397,000 in losses over three years. Crypto ATMs provide an in-person way to conduct digital-asset transactions. The reported cases were received by the Middlesex District Attorney’s office, and the losses totaled $397,000. District 3 Councilor Mary Kate Feeney introduced the proposal in October. The measure is intended to protect seniors, non-English speakers and lower-income residents from fraud. “This is really something to protect our seniors,” Feeney said. Middlesex District Attorney Marian Ryan supported the ban and said stolen funds can be difficult to recover, even after a successful prosecution.

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