Summary
- It was reported that the Grosse Pointe Farms city council in Michigan passed a virtual asset ATM regulation bill.
- It was stated that this regulation is a measure to prevent cases of virtual asset ATM fraud in neighboring cities.
- The Michigan Attorney General also urged caution regarding virtual asset ATM fraud.
It has been reported that a virtual asset (cryptocurrency) ATM regulation bill has been passed in Grosse Pointe Farms, a city located in the state of Michigan, USA.
According to Cointelegraph on the 16th (local time), the Grosse Pointe Farms city council passed a regulation on the use of virtual asset ATMs. This is a preventive measure to protect local residents, based on cases of virtual asset ATM fraud that have occurred in nearby cities.
Lev Wood, a member of the city council, stated, "Criminals are causing harm through virtual asset ATMs" and added, "This ordinance will help protect local residents."
Meanwhile, last April, Dana Nessel, the Attorney General of Michigan, urged all cities in the state to be wary of virtual asset ATM fraud.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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