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Oak Park council hears city attorney on cryptocurrency ATM rules, tables action pending study
Summary
City attorney Courtney Krause outlined options for regulating cryptocurrency ATMs (licenses, receipts, warning signage) and warned of pending state legislation that could preempt local rules; council members expressed mixed views and voted to table the matter for further study.
Oak Park city attorney Courtney Krause briefed the council on possible local rules for cryptocurrency ATM machines and asked whether the council wanted staff to draft an ordinance for future consideration.
Krause said the primary objective of such an ordinance would be to protect public health and safety by reducing fraud risk and ensuring consumers see warnings before using machines. "There are currently 6 known cryptocurrency ATM…
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