Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Apple Valley council bans dedicated cryptocurrency kiosks, waives second reading
Summary
The council approved an ordinance adding 'Chapter 1 24' to the city code to prohibit dedicated virtual-currency kiosks, citing fraud against elderly residents and local losses; vendors have a March 31 compliance window for dedicated machines and multi-purpose ATMs may disable crypto features instead of removal.
Apple Valley — The City Council on Dec. 23 approved an ordinance adding Chapter 1 24 to the city code to prohibit dedicated virtual-currency kiosks within city limits and waived the ordinance’s second reading.
Chief Francis, introducing the proposal, told the council the police department has identified a trend of fraud tied to cryptocurrency kiosks and urged the ban "to protect our residents, to prevent crime, promote safety and welfare of all the residents and general public." Francis said nationally there were "more than 10,000" complaints in 2024 and that victims reported about $246,000,000 lost; he said Apple Valley residents have lost "approximately a half $1,000,000"…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
