Albuquerque has directly banned Bitcoin ATMs, giving operators 45 days to clear them out! A councilor said 90% of crypto ATM transactions involve fraud, calling them a channel for crime. This kind of regional regulatory tightening may put short-term pressure on Bitcoin prices and reduce access channels for users, but in the long run it may instead push the industry toward a more compliant development path. Although Bitcoin is under short-term pressure, its decentralized nature means it is not greatly affected by regional restrictions. $BTC #CryptoRegulation
Albuquerque just banned Bitcoin ATMs, giving operators 45 days to remove them. Councilor claims 90% of crypto kiosk transactions are fraud-related, calling them crime conduits. This regional regulatory crackdown could pressure Bitcoin prices short-term by reducing access points, but long-term might actually push the industry toward more compliant development. Despite short-term bearish pressure, Bitcoin's decentralized nature makes it largely immune to regional restrictions. $BTC #CryptoRegulation
Albuquerque just banned Bitcoin ATMs, giving operators 45 days to remove them. Councilor claims 90% of crypto kiosk transactions are fraud-related, calling them crime conduits. This regional regulatory crackdown could pressure Bitcoin prices short-term by reducing access points, but long-term might actually push the industry toward more compliant development. Despite short-term bearish pressure, Bitcoin's decentralized nature makes it largely immune to regional restrictions. $BTC #CryptoRegulation