Arizona legislators push the BitCoin ATM FIRE SUPPORT Bill

The new Arizona Bill aims to protect residents from Bitcoin ATM fraud after a series of incidents, including the one where the woman lost $ 17,000 deceptions.

Initial 2387, introduced by the State Representative of David Marshall, proposes strict regulations on working on the Cryptocurrent ATM ATM.

Legislation occurs after Tamara, the Social Security Recipient from Peiria, has fallen victim of fraudsters representing Paypal representatives.

According to an ABC Affiliate news, persuaded to withdraw $ 7,000 from their checked account and $ 10,000 from her individual retired account (IRA), then transferred using Bitcoin.Btc) ATM.

The intersections used threats and pressure tactics, claiming that her accounts were endangered and that the transfers were necessary to protect their funds.

Arizona General Kris Maes said ABC15 scams in connection with Bitcoin increases due to the difficult-permanent nature of cryptocurrency. The proposed account would implement several protective measures, including:

• Limit for a daily transaction of $ 1,000
• Mandatory Licensing of State Operator
• Required Money Refund Policy Required

Scales of cryptocurrent ATMs grown In recent years, essential. The FBI 2023 report reported that Arizona residents lost approximately $ 127 million for virtual cash frauds, with seniors over 60 years, which is especially vulnerable.

Federal Trade Commission data show Bitcoin (Btc) Fraud Atm rose $ 12 million in 2020. to $ 112 million in 2023. years.

Tamara is an example of common tactics that use fraud, which often create urgency and fear to overcome the victim’s doubts.

“My speckle senses went out, but it said he would not return the money if you don’t fulfill this task, and then it was like a threat,” she explained it was like a threat. “

The proposed legislation shows that in the effort of Arizona to address this growing threat to the increased regulation of the Operations of Cryptocurrent ATM, aimed at protecting vulnerable inhabitants from similar schemes similar to schemes.

Number Bitms ATMs worldwide grew By 6% in 2024 years that reflects increasing major adoption of cryptocurrency.

These machines function like traditional ATMs, but allow users to buy, and sometimes sell Bitcoin and other cryptocurzers using cash or bank tickets, although sales fees tend to be higher.

The first Bitcoin ATM was presented in Vancouver in Vancouver in 2013. years, and their presence has expanded to over 37,500 machines since 70 countries.

Recent data From Finbold, stating the radar of ATM radars with coins, confirms this growth trend in progress.