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Arizona Enforces New Regulations to Combat Crypto ATM Scams
Arizona Enforces New Regulations to Combat Crypto ATM Scams
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BTCCSquare news:
Arizona has introduced stringent new regulations targeting cryptocurrency ATM scams, a response to rising financial losses among vulnerable populations. The legislation imposes daily transaction limits of $2,000 for new users and $10,500 for existing users, while mandating clear scam warnings on kiosks.
Operators must now issue receipts and process refunds for fraud victims within 30 days. Attorney General Kris Mayes underscored the urgency: 'Protecting seniors from predatory schemes draining their savings is a moral imperative.' The MOVE reflects growing regulatory scrutiny of crypto's physical infrastructure as adoption spreads.
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