Subhead:Mark Carney’s Liberals are looking to ban cryptocurrency cash machines across Canada.#
After using emergency powers to freeze bank accounts linked to protesters during the Canada convoy protest, the Liberal government is now moving to shut down another avenue Canadians use outside the traditional banking system: crypto ATMs.
Buried in the Spring Economic Update 2026 is a proposal to ban cryptocurrency cash machines across Canada. Ottawa claims the move is needed to fight scams and money laundering.
“To protect Canadians by shutting down a primary method for scammers to defraud victims and for criminals to place their cash proceeds of crime, the Spring Economic Update 2026 proposes to ban crypto ATMs,” the document states.
