Arizona Bill Proposes Stricter Regulations On Cryptocurrency ATMs

According to PANews, Arizona Representative David Marshall has introduced House Bill 2387, aiming to impose stricter regulations on cryptocurrency ATM operations. This legislative move follows a series of incidents in the state, including a case where a woman was defrauded of $17,000 by scammers. The proposed bill seeks to implement several protective measures, such as a daily transaction limit of $1,000, mandatory state operator licensing, and required refund policy options.