Delaware and New Jersey Advance Legislation to Ban Cryptocurrency ATMs Over Scam Concerns
By
@cointelegraph
Summary
Delaware and New Jersey have advanced legislation to ban cryptocurrency ATMs, citing widespread use in scams. The Delaware House Economic Committee passed HB 441 to the full chamber, while New Jersey's Senate Commerce Committee unanimously voted to send its similar bill forward. These moves follow bans in at least three other US states (Indiana, Tennessee, Minnesota), reflecting a growing regulatory trend targeting crypto kiosks that lawmakers say are overwhelmingly used for fraudulent activities.
Source
bskyDelaware and New Jersey Advance Legislation to Ban Cryptocurrency ATMs Over Scam Concernscointelegraph.comKey quotes
· 3 pulledThe Delaware House Economic Committee on Tuesday passed House Bill 441 to the full chamber, which would ban owning, installing, or operating a cryptocurrency kiosk.
It followed the New Jersey Senate Commerce Committee's unanimous vote on Monday to send its bill banning crypto ATMs to the full chamber.
At least three other US states — Indiana, Tennessee and Minnesota — have passed total bans on crypto ATMs.
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