AARP becomes latest group pushing for regulation of crypto kiosks
A bitcoin kiosk machine at Pioneer Place shopping mall in downtown Portland, Oregon. Alamy Stock Photo
AARP has voiced support for a proposal in Washington to strengthen oversight of cryptocurrency kiosks, News.Az reports, citing Kiosk.
The proposed Senate Bill 5280 would impose tighter controls on crypto ATMs, citing a surge in scams and financial crimes linked to the machines.
Criminals frequently use crypto kiosks in scams involving tech support fraud, extortion, and government impersonation. Victims are instructed to withdraw cash and deposit it into a kiosk to purchase cryptocurrency, which is then…
