In a significant move to address rising cryptocurrency-related fraud, 13 U.S. states have enacted new regulations targeting crypto ATMs. These laws are designed to curb illicit activities often linked to unregulated digital currency kiosks, which have seen increased usage in both urban and rural areas across the country.
The newly implemented rules include daily transaction limits—some capping withdrawals and purchases to as low as $1,000 per day—and the mandatory display of fraud warnings on ATM screens. These changes come in response to a surge in crypto scams, where unsuspecting users are often tricked into sending money through these machines.
Authorities are also requiring enhanced identity verification, stricter reporting protocols, and operator transparency. The goal is to prevent misuse by bad actors while still allowing legitimate users to access cryptocurrency in a safer, more regulated environment.
These restrictions signal a growing trend in crypto regulation across the United States, as lawmakers try to balance innovation with consumer protection. As the crypto industry expands, more states are expected to follow suit, introducing rules to ensure compliance, fraud prevention, and financial transparency in the digital asset ecosystem.
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