Stillwater City Chamber approves the Ban Banking Banking Atm’s

The Stillwater City Council was transferred by the Regulation, which was banning the Cryptocurnent ATMs in city limits.

City officials say the machines are legitimate themselves when it comes to cash exchange for Bitcoin and other criminal products, but machines often use fraudsters.

Precises often include a phone call, email or text message sent to an individual, claiming they owe money and now have to pay for it. The intersectors then work in a convincing victim to withdraw cash from their bank, and then send that cash through one of their local cryptocurrency bills.

Boss Brian Mueller says Stillwater residents are already deceived of $ 250,000.

“There are another million dollars that were asked for individuals trying to cheat people, but the inhabitants did not give them money,” said Chief Mueller.

The police administration reached the city law office to see if anything that the city can do to prevent these frauds to take place.

Stillvater City Chamber wrote the Rulebook on the prohibition of this machine and members of the Council passed the Regulation on Tuesday night on Tuesday.

Kare 11 has reached the company that manages these three ATMs in Stillvat to receive an official response to the new Regulation, but from Thursday night, we did not receive an answer.

Stillvater is not the only community that experiences these problems.

Parker Maertz leads a consumer action department at the Prosecutor General’s office.

He says that AG’s office received complaints from people who were cheated through cryptocurrency every day.

“We received reports from all four corners of the state,” Maertz said. “It’s just very hard when that money was sent.”

Maertz says that the state legislative government passed last year, which set up a daily limit in the amount of $ 2,000 on these ATMs, but says that the fraudsters found ways around this limit.

Kare 11 has reviewed the local ATM cryptucurrency, and we saw a screen warning message that encouraged users to think twice before approving the transaction.

However, Mueller and Maertz agree that victims are often in trouble, and do not need time to read these warnings.

“We just think that the elimination of these machines from our community only eliminates another step to take advantage of these individuals,” Mueller said.

Mayor Stillwater Ted Kozlovski says that several communities in Minnesota and Visconsin reached to city officials to find out more about this Regulation.

The Mayor Kozlovski says that the new regulation will take effect on Friday, 18. April ..