A bill aimed at regulating cryptocurrency kiosks, often called crypto ATMs, advanced in the North Carolina House on Tuesday.

The measure comes as the machines — which allow users to convert cash into digital currencies such as Bitcoin and Ethereum — have spread across the Triangle and the country while drawing increasing scrutiny for their role in fraud and scam schemes.

North Carolina currently has no regulations governing crypto ATMs despite several other states having taken action, with Indiana having completely banned the kiosks.

House Bill 920, the Virtual Currency Kiosk Consumer Protection Act, seeks to change that.

The legislation was introduced last week as a substitute to another bill and has moved quickly through House…