Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council sends proposed ban on cash-to-crypto kiosks to night meeting after split debate
Summary
Councilors debated a proposed ordinance to ban cash-to-cryptocurrency kiosks in Provo, citing FBI and state internet-fraud statistics and concerns about harm to seniors and scam victims; opponents argued it would limit lawful choices for adults and the unbanked. The council voted 4-3 to move the ordinance forward to a night meeting for more data and legal review.
City staff presented a proposed ordinance that would make it unlawful to operate virtual-currency kiosks (cash-to-crypto machines) within Provo city limits. The staff memo and slides cited national and state internet-fraud figures and staff described a notable number of scams that have involved virtual-currency ATMs nationally and in Utah. The proposal would prohibit…
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
