News with the tag "Crypto ATM"

Key Takeaways: NASAA president Claire McHenry will testify before the SEC on rising crypto scams and evolving fraud tactics. AI-generated deepfakes and online manipulation make it increasingly difficult for victims to detect and avoid fraud. US regulators and lawmakers push for stricter cryptocurren...

Illinois Democratic Senator Dick Durbin has announced a new bill that aims to prevent fraud associated with crypto ATMs. Americans suffered $66 million worth of losses to crypto ATM scams in the first half of 2024, according to the Federal Trade Commission (FTC). Durbin says his potential legislatio...

The world of cryptocurrency, while brimming with innovation and opportunity, also presents its share of challenges, particularly in safeguarding users from illicit activities. A growing area of concern is the rise of fraud associated with cryptocurrency ATMs. Senator Dick Durbin is stepping into the...

Australian police have dismantled an organized crime syndicate involved in burglaries targeting crypto ATMs and Pokémon collector cards. Over the last week, detectives from Melbourne arrested four people as part of their investigation into the commercial burglaries, a press release by the Victoria P...

Get ready Hong Kong! The world of cryptocurrency is about to become even more accessible in your city. Canadian crypto ATM giant, Localcoin, is making a significant leap into the Asian market with the installation of 31 new crypto ATMs across Hong Kong. This exciting development, announced via a pre...

North Dakota lawmakers are discussing a new bill to safeguard residents from crypto ATM related scam in the state. The bill would introduce several key requirements to protect consumers. The new bill dubbed “ House Bill 1447 ” proposes stricter regulations for crypto kiosks, also known as digital cu...

Lawmakers in the U.S. state of North Dakota are considering a new bill aimed at combating cryptocurrency-related fraud through stricter regulations on crypto ATM transactions , according to Cointelegraph . The proposed legislation includes capping daily withdrawals from crypto ATMs at $1,000 and lim...

North Dakota legislators have begun debating House Bill 1447, a proposal aimed at regulating crypto ATM machines to curb scams and enhance consumer safety. Introduced on January 15, the bill would implement several changes, including limiting daily customer withdrawals to $1,000, capping fees at $5 ...

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 legislature, after 103 state residents reported $6.5 million in losses to crypto scams in 2023. The bill is primar...

The Niagara Regional Police Service (NRPS) partners with major crypto ATM operators to fight scam in Ontario, such as Bitcoin Depot, Bitcoin Well, Bitcoin4U, HODL, Instacoin, and LocalCoin. According to the report , the Niagara police is launching a public awareness campaign to address the rising pr...