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Sterling Heights introduces ordinance to license and regulate cryptocurrency machines
Summary
Council introduced an ordinance to add licensing and operational rules for virtual-currency machines after police described local crypto-ATM scams; provisions include a specialty license, photo ID, a $1,000 transaction cap for new customers and required daily logs for 90 days.
Sterling Heights City Council voted to introduce an ordinance to amend Chapter 29 of the city code to require licensing and operational rules for virtual-currency (crypto) machines, following a police presentation on recent local scams.
Police Captain Colleen Hopper told the council that Sterling Heights had 23 active crypto-related fraud cases since Jan. 1, 2025 and documented resident losses of $542,000. Hopper said the proposed rules are a "victim-centered approach" and argued the measure "will make Sterling Heights a harder place for scammers to…
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