BITPRISMIA
Wisconsin lawmakers are proposing regulations for cryptocurrency kiosks following a significant increase in fraud, including a $1,000 daily transaction cap and stricter identity checks.
Wisconsin's Senate Bill 386 (SB386) introduces strict KYC regulations for Bitcoin ATMs, including a $1,000 transaction cap and mandatory ID verification, aiming to increase oversight and reduce illicit activities while sparking debates over privacy and operational challenges.
The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) issued an urgent fraud alert due to $247 million in losses from Bitcoin ATM scams, with elderly victims disproportionately affected, prompting federal legislation and global regulatory crackdowns.
The number of Bitcoin ATMs worldwide increased by over 1,000 in the first half of 2025, reflecting significant growth in crypto infrastructure, with notable contributions from the U.S., Australia, Canada, and Europe.
New Zealand has banned cryptocurrency ATMs and imposed a $5,000 cap on international cash transfers as part of stricter Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) measures.
New Zealand's government plans to ban cryptocurrency ATMs and set a $3,000 limit on international cash transfers as part of an anti-money laundering and counter-terrorism financing overhaul.