FRANKFORT, Ky. — Kentucky lawmakers are taking steps to protect people from crypto scams.
House Bill 380 would establish guardrails for businesses that use virtual currency or cryptocurrency kiosks.
What You Need To Know
- House Bill 380 would set new rules for businesses that operate virtual currency and cryptocurrency kiosks in Kentucky
- The bill caps daily kiosk transactions at $2,000 and adds a waiting period for first-time users
- Each kiosk transaction would have to be identifiable, making it easier for authorities to track money
- Lawmakers advanced the bill unanimously after hearing how scammers use crypto machines to target victims, including seniors
Harold Miller from Danville told Spectrum News he was almost scammed out…
