When convenience becomes a "trap", Spokane's ATM ban sounds the alarm!
Brothers, the coin circle Jinzhu is here. Spokane, Washington, USA, has banned all Bitcoin ATMs due to a surge in crypto fraud! This means that buying coins with cash is a thing of the past here. Seemingly trivial? In fact, it exposes the cruel truth: technology advances too fast, scammers run faster, and ordinary people end up paying the bill. As an old analyst, today let's talk about the warning behind this - don't rush to make money, and prevent fraud first!
How did the incident get so serious?
Spokane is an ordinary place, and Bitcoin ATMs are quite popular. But recently, there has been a surge in frauds, and scammers use it to set up "get-rich-quick" traps, specifically targeting the elderly and novices. Real case: Last month, retired "Mr. Zhang" was fooled by a fake "master", saying that Bitcoin could make 30% a month. He went to the ATM and stuffed $5,000, but the money went directly into the scammer's pocket, and he ended up losing all his money. Similar cases have surged by dozens, forcing the local government to ban it "across the board."
What does Jinzhu think?
Regulation is justifiable: The original intention of ATM is good, making cryptocurrency more accessible and convenient for people without bank accounts to join the circle. The problem lies in technical loopholes. Scammers pretend to be platform apps to induce transfers. It is extremely difficult to track. Once the money is out, it is difficult to get it back. Data shows that such frauds around the world soared by more than 50% last year, and Spokane is a microcosm.
"Total ban" is too rough: As an insider who supports innovation, I think this is "throwing out the baby with the bathwater". It shouldn't be a one-size-fits-all approach! We should learn from the European experience: mandatory identity authentication, setting a single transaction limit, and vigorously popularizing anti-fraud education. Otherwise, it will only force encryption to return to the "darkness" and implicate compliant users. Technology needs to develop, and the DeFi dream cannot be shattered by bad guys!
Do you want to give it a push? Or kick it off the cliff? Trap brothers and quote the cost price! Follow me! Jinzhu will open a secret escape route for you!
