Senate Northern Dakota passes Cripto ATM account for limiting daily transactions to $ 2K

Senate North Dakota brought an account that regulates CRIPTO ATMs while re-adding the provisions to daily transactions to $ 2,000 per user who originally rejected the state.

State Senate passed Draft Law 1447 in voting from 45 to 1, 18. March. The bill was presented State Legislative Assembly 15. January And it aims to protect residents from fraud by introducing new guidelines for CRIPTO ATMs and their operators.

Latest version From the laws brought by the Senate request crypto ATM and Kiosk Operators To obtain licensed in the state as a money carrier, it limits customers withdrawal through its ATM network to $ 2,000 a day and issuing notifications of warning deception.

Initially, accounts for CRIPTO CRIPTO CRYPTO users per day, but the home space commission fired the boundaries last month, with 2,000 daily limit for the first five transactions within 30 days.

Now the Senate closed the transaction boundaries to $ 2,000. The bill will need to return home to vote on the changes before the Governor of the Northern Dakota Kelly Armstrong can either submit veto or signs the bill.

The bill would also require operators to use Blockchin Analytics To track suspicious activities, such as fraud and report it to the authorities and provide three-month reports of Kiosk locations, name and transaction information.

During the North Dakota Industry, the business and work committee of hearing 22. January, the basic sponsor was, representative of the house Steve Sviycle, said That cryptic ATMs currently has no protection measures that have “allowed criminals to use them for theft.”

Nebraska Governor Jim Slden had Have signed similar legislation in law 13. MarchThe Law on Controlled Law on Rebel for Processing of Prohibited Records, which is designed to help combat fraud.

Meanwhile, the US Senator Dick Durbin from Illinois, which previously chaired the Senate Judicial Committee, proposed similarly to Federal Legislation 25. February.

Durbin He quoted the story from the constituent He who fell into a deceiver claiming that the authorities issued an arrest warrant, but could pay a sentence through a deposit of $ 15,000 on a CRIPTO ATM to avoid prison as a motivation to introduce a new law.

Related: Americans ‘Bluing’ Aming can give up the Cripto Scam Recorting – Regulator

Last September, Federal Trade Commission export Losses of scam in Bitcoin (Btc) ATMs increased almost ten times from 2020. Until 2023. years and overlooked $ 65 million in the first half of 2024. Years, and consumer aged 60 years are three times more likely to become a victim.

ATM Radar data It shows that the United States still has the most ATMs for Bitcoin, with 29,822 machines that represent 78% of the global market.

Canada is on another, 9.2% of the market and 3,486 cryptic ATMs, while Australia is third with 1,613 crypto ATMs, which represents 4.3% of the market.

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