Summary
- The North Dakota Legislature has proposed a bill to limit cryptocurrency ATM transactions.
- The bill limits the daily withdrawal limit to $1,000 and sets the fee at $5 per transaction.
- The bill is said to be a response to the fraud issues related to cryptocurrency ATMs.
The North Dakota Legislature has proposed a bill aimed at limiting cryptocurrency (crypto) ATM transactions.
According to Cointelegraph on the 22nd (local time), the state legislature proposed a bill on the 15th to limit the daily withdrawal limit from crypto ATMs to $1,000 and set the fee at $5 per transaction or 3% of the total amount.
This bill is intended to address the increasing fraud related to cryptocurrency ATMs. The FBI previously stated that there were 5,500 cases of crypto ATM-related fraud in the United States last year, causing a total loss of $189 million.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
![[Market] Bitcoin steadies after 'wash shock'…reclaims the $79,000 level](https://media.bloomingbit.io/PROD/news/2d67445a-aa24-46b9-a72d-5d98b73b6aec.webp?w=250)
![[Today’s Key Economic & Crypto Calendar] Atlanta Fed GDPNow, More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[New York Stock Market Briefing] Rebound on bargain hunting in blue chips…Apple jumps 4%](https://media.bloomingbit.io/PROD/news/3710ded9-1248-489c-ae01-8ba047cfb9a2.webp?w=250)