[2025-02-26] The latest IT, economic, blockchain and coin news
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2025-02-26 | Curator: CryptoTerminal
Illinois Senator Proposes Bill to Regulate Crypto ATMs Nationwide
Crypto ATMs, once touted as a convenience for enthusiasts, are now being exploited by scammers, leaving victims, many of them elderly, with substantial financial losses. In response, Illinois Senator Dick Durbin has introduced the Crypto ATM Fraud Prevention Act, seeking to impose new regulations to curb the rising tide of fraud associated with these machines. The legislation, announced Tuesday, would place strict transaction limits on crypto ATMs and require companies to offer full refunds to...