Arizona Representatives propose new bill to curb Bitcoin ATM fraud
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According to Golden Finance, U.S. Rep. David Marshall, Arizona, proposed House Bill 2387, proposing strict regulation of cryptocurrency ATM operations. Previously, a series of such incidents occurred in the state, including a woman being cheated of $17,000 by a scammer. The proposed bill will implement several protections, including:
Daily trading limit: $1,000
Mandatory state operator license
Required refund policy options