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Spokane Valley to ban crypto ATMs to prevent scam losses.
Spokane Valley is considering a ban on cryptocurrency ATMs to combat scams that have cost residents millions, with victims often losing their retirement savings.
Officials say the machines are exploited by scammers impersonating officials or family members to trick people—especially seniors—into transferring cash that is difficult to recover.
The City Council is set to discuss the measure, which mirrors similar actions taken by Indiana and other Minnesota cities.
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Spokane Valley para prohibir los cajeros automáticos criptográficos para evitar las pérdidas por estafas.