August 5, 2021

Vancouver wants to ban bitcoin-ATM – “perfect adaptations …

Vancouver wants to ban bitcoin-ATM – “ideal devices for money laundering”

The police in one of the largest cities in Canada – Vancouver – found under their noses “ideal devices for money laundering”, which, she said, are bitcoin terminals. The mayor of Vancouver supported the police and proposed a total ban, while experts say that such measures require a decision at the national level, writes the local newspaper The Star.

“In Vancouver, unfortunately, digital currencies are actually used for illegal activities,” said lawyer Christine Duheim. “On the other hand, they are also used by“ white ”businesses, whose representatives try to comply with applicable requirements..

Vancouver wants to ban bitcoin-ATM - 'ideal devices for money laundering' Police of one ...

Vancouver wants to ban bitcoin-ATM - 'ideal devices for money laundering' Police of one ...

As CoinDesk notes, 76 terminals installed in the city have received police attention at least twice over the past year. In February, it came to criticism of the blockchain technology itself, for ideological reasons. In particular, the police are confused by the lack of centralized structures that could monitor the legitimacy of transactions..

The first bitcoin terminal in Vancouver appeared back in 2013. Even then, it was equipped with a palm scanner, which was supposed to prevent one person from cashing out more than 3,000 Canadian dollars a day with it..

“We don’t need drug dealers cashing out bitcoins,” said the owner of one of the terminals in 2013. – We don’t want to service money laundering devices. This is the worst possible scenario. “.

Vancouver wants to ban bitcoin-ATM - 'ideal devices for money laundering' Police of one ...

The decision to regulate bitcoin terminals in Vancouver will be based on ongoing research work, the results of which should be presented in the fourth quarter of this year..

Vancouver wants to ban bitcoin-ATM - 'ideal devices for money laundering' Police of one ...

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