Cryptocurrency ATMs have become a fixture of everyday American life, tucked into gas stations, convenience stores, and grocery aisles across the country. Now, state legislatures are moving aggressively to regulate them, and in at least one state, ban them outright.
Lawmakers in nearly 30 states have introduced or passed legislation targeting the machines in recent years, according to a new analysis from Duane Morris Government Strategies. The push is being driven largely by a surge in fraud, particularly against older adults who have been targeted by scammers directing them to convert cash into cryptocurrency and send it irreversibly to criminal wallets.
The emerging regulatory framework across most states follows a common template….
