Vancouver has cryptocurrency growing pains. The city’s police labeled Bitcoin ATMs an “ideal money laundering vehicle,” and its mayor has even suggested a complete ban. Experts and local businesses have instead called for federal money services regulations to be changed to include Bitcoin ATMs, reports The Star. Vancouver’s city council already moved to regulate usage and operation of cryptocurrency ATMs with a bylaw in January. This enforces operators to hold business licenses, verify identities, and even warn users away from common types of fraud. Despite these efforts, police reiterated warnings that local fraudsters have been using cryptocurrency and cryptocurrency ATMs…

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