North Dakota lawmakers are reviewing a new bill imposing stricter regulations on cryptocurrency ATMs to protect residents from financial scams.

Poland has surpassed El Salvador in the global Bitcoin ATM rankings, securing its place as the fifth-largest crypto ATM hub ...

The bill would restrict daily withdrawals to $1,000 per day and cap transaction fees at $5 or 3% of the total amount, whichever is higher.

Vulnerable scam victims are also directed to use the ATMs to convert cash into crypto that’s then routed to fraudsters. In most cases, the money can’t be recovered. Legislation was introduced ...

Poland added 24 crypto ATMs in its ongoing four-month-long installation spree that began in October 2024. Numerous other countries, including current leaders Canada, Spain and Australia ...

The ATMs were created as an alternative payment method to remove the middleman of banks through a de-centralised system. When transferring crypto, thousands of computers worldwide verify the ...

North Dakota lawmakers have introduced a bill to limit crypto ATM withdrawals and mandate operators to issue warnings in an effort to curb scams.

Lawmakers in North Dakota state have introduced a bill to restrict crypto ATM transactions and protect residents from fraud. The House Bill 1447 was submitted on January 15 to the state ...

Some countries agree with Coffey. The United Kingdom has effectively banned crypto ATMs and this year began prosecuting a man for running one illegally. In Australia, regulators announced a ...

The bitcoin ATM then transfers the crypto to the scammer’s electronic wallet. The scammers quickly move the crypto after it is transferred, making it difficult to trace and recover, the warning ...

Regulators in North Dakota are discussing a new bill that will introduce various safeguards designed to help protect locals from falling victim to scams involving crypto ATMs. On January 22, the North ...