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Law enforcement and advocates press House committee for strict cryptocurrency-kiosk rules
Summary
Law enforcement, AARP and industry representatives told the committee that cryptocurrency kiosks pose a substantial fraud risk; lawmakers discussed proposed statewide rules including ID checks, daily caps, holds for first‑time users, blockchain analytics, mandatory reporting and refunds.
State and industry witnesses urged the House Regulatory Reform Committee on Wednesday to adopt statewide regulation of virtual-currency kiosks, citing widespread fraud targeting older adults and recommending mandatory identification checks, daily transaction limits and 24/7 operator support.
Chair Aragona said the bills (House Bills 54 69 and 54 70) aim to bring kiosk transactions under clear regulatory oversight and to add consumer protections such as a brief waiting period for first-time users and on‑machine fraud warnings.
Industry representatives from Bitcoin Depot and CoinFlip described current…
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