Albuquerque Passes Strict Ordinance Banning Local Crypto ATMs

Albuquerque, New Mexico, approved Ordinance O-26-49, dubbed the “Virtual Currency Ordinance,” which prohibits the operation of cryptocurrency ATMs and cashier‑facilitated crypto transaction services within city limits. The measure aims to protect vulnerable residents from fraud linked to these machines.

Key Provisions of the Ordinance

• All crypto ATMs must be removed within 45 days of the ordinance’s effective date.
• Violations will result in cumulative fines against persons or entities that continue to operate or host the prohibited services.
• The ban applies only to physical ATM and cashier services; residents may still own, mine, and transfer digital assets online.

Rationale Behind the Ban

City Councilor Stephanie W. Telles, a co‑sponsor, said that approximately 90 % of crypto ATM transactions in Albuquerque are associated with fraud, citing high fees that deter legitimate users and attract scammers, organized crime, and human traffickers. Councilor Tammy Fiebelkorn added that the city is acting proactively rather than awaiting federal regulation.

Broader Context

The Albuquerque ban follows similar actions in other jurisdictions, including statewide bans in Tennessee, Indiana, Minnesota, and Vermont. Nationwide, the number of crypto ATMs has declined from 38,708 to 27,945 after the collapse of a major operator, Bitcoin Depot.

Impact on Residents

While physical crypto kiosks are being removed, residents remain free to engage with digital assets through online platforms, wallets, and other non‑physical means.