Massachusetts City Bans Crypto ATMs After Residents Lose $397,000 to Scams

A Massachusetts city has banned cryptocurrency ATMs after residents reported losing $397,000 to scams involving the machines since 2023. The Framingham City Council voted unanimously to approve the ban at its recent November meeting, reports MetroWest Daily News. The ban is meant to protect senior citizens, non-English speakers and lower-income residents from financial fraud. District 3 Councilor Mary Kate Feeney first introduced the proposal in October. Says Feeney, “This is really something to protect our seniors. There are so many scams, and I don’t need to tell you, I think we have all heard the horrible stories. But this is something that we can do to limit scams in our city.” Middlesex District Attorney Marian Ryan, who fully supports the ban, says that in the past three years her office…

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