4 days ago · The bill proposes limiting daily crypto ATM transactions to $1,000 and capping fees at $5 or 3% per transaction; In 2023, 103 North Dakota residents reported losses totaling $6.5 million due to crypto scams; North Dakota legislators have introduced a bill aiming to enhance consumer protections in light of rising cryptocurrency fraud.

6 days ago · House Bill 1447 would add new requirements for crypto kiosks – or ATMs for digital currency – such as daily withdrawal limits, fraud warning notices and a cap on fees. Supporters say the proposal aims to counter a rise in scams involving cryptocurrency.

6 days ago · House Bill 1447, introduced to the state’s legislative assembly on Jan. 15, would limit crypto ATM customer withdrawals to $1,000 per day, cap fees to $5 per transaction or 3% of the total amount...

6 days ago · Key Takeaways: Transaction Limits: The bill seeks to impose caps on crypto ATM transactions to reduce opportunities for scammers to exploit these machines for fraudulent activities.. Rising Scams: The initiative responds to 103 residents losing $6.5 million to crypto-related scams in 2023, highlighting the urgency to protect consumers.. Enhanced Oversight: Lawmakers aim to increase oversight ...

5 days ago · A bill debated Wednesday by North Dakota lawmakers aims to protect residents from cryptocurrency scams. House Bill 1447 would add new requirements for crypto kiosks — or ATMs for digital ...

In North Dakota, more than $6 million was stolen through cryptocurrency fraud in 2023. AARP supports legislation that will deter criminals from using crypto ATMs for fraudulent activity and establish important consumer protections. HB 1447 includes provisions to:

5 days ago · U.S. state of North Dakota considers capping crypto ATM transactions to combat fraud. Lawmakers in the U.S. state of North Dakota are discussing a recently introduced bill that seeks to cap crypto ATM transactions in a bid to crack down on fraud, Cointelegraph reported. The… — CoinNess Global (@CoinnessGL) January 23, 2025

6 days ago · North Dakota legislators are deliberating House Bill 1447, a newly introduced measure aimed at reducing crypto ATM-related scams by imposing transaction limits and implementing stricter consumer protections.

5 days ago · 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 …

5 days ago · North Dakota lawmakers are reviewing a new bill imposing stricter regulations on cryptocurrency ATMs to protect residents from financial scams. House Bill 1447 would limit daily withdrawals, cap fees on top of transactions, and require fraud warnings on all crypto ATMs operating in the state.