The Arizona Governor kills two crypts for accounts, snapped at Bitcoin ATMs

Governor Arizona Katie Hobbs is a Vetoo two key accounts for cryptocurrencies that were aimed to expand state participation in digital assets, while signing the strict regulatory measure targeting Bitcoin ATMs.

12. Maja, Hobbs discarded The Senate Bill 1373, which tried to establish a fund for a strategic reset of digital property. The Fund would allow Arizona to hold the cryptic property obtained or legislative allocations.

“Current volatility in cryptocurnancy market does not seem prudent suitable for the General Fund of Dollars,” she said in her veta letter. “I’ve already signed legislation this session that allows the state to use cryptocurration without risking from the general fund,” she added.

That decision was accompanied by Veto of Senate Bill 1025 – more ambitious “Arizona Strategic BitCoin Reserve Reserve” – ​​3. Maja. Up to 10% of the state treasury and pension investments in Bitcoin and other digital property would be authorized.

Toward data From Bitcoinlavs.io, 26 American countries introduced strategic accounts for CRIPTO Reserve, with them currently active.

And hobbs veto Senate Bill 1024, which would allow state agencies to accept the payment of cryptocurnancy for taxes, fines and fees through approved service providers.

Although the proposal tried to protect the state from the direct exposure of bedding in price, Hobbs said that he still introduced “too much risk”.

Related: Taiwanese legislator calls for Bitcoin Reserve at the National Conference

Hobbs approves Bitcoin ATM account

12. Maja, Hobbs approved the House of 2387, introducing new consumer protection rules for Operators Cryptocurrency Kioska (ATM), aimed at reducing fraud and improve transparency.

The draft law authorizes that Kiosks display clear, multilingual warnings about common crypts and require users to recognize these risks before completing transactions. Operators must also provide detailed receipts that include transaction data, contact information, taxes and refund policies.

In addition, accounts for bills to $ 2,000 per day for new customers and $ 10,500 per day for returning users after 10 days. Kiosk providers must offer 24/7 free customer service and set the number visible on each machine.

According to the account, if the new user was deceived in sending crypto under false pretenses and reported with proof within 30 days, they have the right to full refund, including fees.

According to CoinatMradar, there are currently 20 active ATMs Bitcoin in Arizona.

Significantly, Hobbs did not completely close the door of digital property. On Wednesday, she Signed account for house 2749that updates the enemy property laws of Arizona to include digital property.

Legislation allows the state to keep unclaimed cryptocurries in its original form, not liquidating them in Fiat Currency.

Journal: Bitcoin Eyes’ Crazy Numbers, “JD Vance Set for Bitcoin Talk: Hodler’s Digest, 4. Maja – 10