Wisconsin Senate Takes Aim at Crypto ATM Scams

Wisconsin Senators are introducing legislation to combat growing crypto ATM fraud, aiming to protect consumers and deter illegal activity. The newly introduced bills, co-sponsored by Senator Kelda Roys and Representative Ryan Spaude, focus on implementing stricter Know Your Customer (KYC) procedures, transaction limits, and providing victim reimbursements. This comes in response to a surge in fraudulent activity impacting both Bitcoin transactions and the wider crypto market.