The rise of cryptocurrency ATMs has been met with resistance from U.S. regulators who are increasingly concerned about fraud and criminal activity associated with these devices. Once seen as a symbol of crypto adoption, the number of local bans and state-level regulations is steadily rising. 📈 The increased scrutiny stems from numerous cases where crypto ATMs have been used to facilitate illicit transactions. In response to these concerns, several states and cities across the U.S. are implementing stricter control measures on these kiosks. 🔒 From limiting daily transaction amounts to requiring user identification, the crackdown highlights the growing focus on preventing cryptocurrency-related fraud.