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Spokane, Washington, has become the first city in the state to ban all cryptocurrency kiosks following a unanimous council vote. The move aims to protect residents, particularly the elderly, from rising crypto-related scams. Operators have 60 days to remove their machines or face penalties.
- Spokane is the first Washington city to enact a ban on cryptocurrency kiosks, affecting around 50 machines.
- Elderly victims account for 30% of nationwide crypto fraud losses, totaling $2.8 billion in 2023.
- The Spokane Police Department reports daily fraud cases, with some scams linked to foreign entities like China and North Korea.
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