From Warnings to Limits: How Regulators Are Responding

[lingriiddd]

Losses from Bitcoin ATM scams are disproportionately concentrated among older Americans, with individuals over 60 accounting for a significant share of reported damage. In response, agencies like the Department of Financial Protection and Innovation have issued blunt guidance warning that no legitimate organization will ever ask someone to deposit cash into a crypto ATM.

However, policymakers are increasingly concluding that education alone is not enough. Countries such as Australia have already implemented daily transaction limits and restrictions on kiosk expansion, and analysts believe similar structural guardrails may be necessary in the US to slow the momentum of Bitcoin ATM fraud.

[cryptohog]

“no legit org will ever ask for cash into a crypto atm” feels obvious, but panic makes ppl ignore logic