Crypto News

Cripto Kiosk Scams Purpose of proposed regulations / Public news

Bill in the General Assembly of Marilend would Regulate kiosks cryptocurrencyMore than 700 ATMs for virtual currencies around the state.

FBI received more than 4,400 Complaint About the kiosks in 2023. years, according to a report on cryptocurrency fraud. Almost 60% of complaints came from people over the age of 60.

Legislation would establish registration and operational requirements for kiosks in the state, which the Commissioner for Financial Regulations applied.

Tammy Bresnahan, a senior director of advocacy for AARP Mariland, said the crypto kiosk became a new way to scam people target people.

“These kiosks have become a refuge to cheat people to say,” There is a problem with your account. You need to take money – $ 4,500 in cash – and deposit it into this nearby kytop crypticity, because your account was compromised, “Bresnahan explained.

Total losses of kiosk kruptocurnancy in 2023. year exceeded 150 million dollars.

The FBI consulted that by no means the lawful ending of the law or the State Agency called or the message require the payment by cryptocurrency. Bresnahan pointed out one of the questions with kiosks that they are not needed to provide the user for their transaction, which is difficult to follow.

“Operators must clearly discover the transaction and courses’ fees,” Bresnahan called. “And there must be a type of account. It doesn’t have to be printed receipts, but there must be some detailed receipts, whether it is in the system or whether it is printed. Because you put money there, you don’t get anything.”

Other countries, such as Minnesota and Vermont, have already adopted legislation regulating the virtual currencies of the kiosk.

Discover: AARP MARILYT CONTRACTS TO OUR FUND FOR CERTIFICATION ON BUDGET SERVICE AND PRIORITIES, ENERGY POLICY, HEALTH SUBJECTS AND OLDER ASSESSIONS. If you want to help support the news in the public interest, Click here.

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2025-04-02 03:00:00

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