🇨🇦 Trudeau's Liberals ban crypto ATMs after ignoring the fraud epidemic they enabled for years

Ottawa now announced it will ban crypto ATMs to protect Canadians from scammers, conveniently after Canada became the global leader in crypto ATM density with nearly 4,000 machines operating without industry-specific regulations. FINTRAC identified these machines as the primary fraud vehicle back in February 2023, but Finance Minister Champagne spent last fall dodging interviews and offering vague platitudes about looking at options very carefully. Translation: do nothing until the media forces your hand.

This is the same government that froze truckers' bank accounts within days but took years to address machines laundering millions from fraud victims daily. No human teller, no bank oversight, transactions under $1,000 requiring only a phone number. The infrastructure was purpose-built for criminal convenience, and Ottawa watched it metastasize across the country. Now they'll frame the ban as decisive action rather than admit they ignored their own intelligence agency's warnings while Canadians got fleeced.

🍁 Maple Chronicles