MADISON, Wis. (WRN) — Wisconsin lawmakers are taking aim at cryptocurrency scams.
The State Assembly last week passed a bipartisan bill that targeting criminals who use crypto kiosks to steal from victims. The measure would cap daily transactions at one thousand dollars, require users to show ID, and ensure receipts are available. It would also give fraud victims a path to seek refunds.
Supporters, including AARP Wisconsin, say scammers often pressure people into withdrawing cash and depositing it into crypto ATMs located in gas stations and convenience stores. The bill will need approval in the State Senate before it can go to the governor’s desk.