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Monroe County considers resolution urging state controls on cryptocurrency ATMs amid concerns about elder fraud
Summary
A committee member introduced a resolution asking the state legislature to establish requirements for cryptocurrency ATMs, citing instances of fraud that have disproportionately affected older adults; the transcript records the presentation and discussion but no recorded final vote in the provided record.
A committee member presented a resolution opposing the operation of cryptocurrency ATM machines in Tennessee and asked the county to urge the state legislature to consider standards because of reported fraud against older adults.
The introducer summarized the item and said the request was prompted by the East Tennessee office of aging and regional mayors. "They're not gonna ban them any more than they can ban an…
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