Arizona lawmaker proposes new bill to curb Bitcoin ATM fraud

ChainCatcher news, according to Crypto.news, Arizona State Representative David Marshall has introduced House Bill 2387, proposing strict regulations on cryptocurrency ATM operations. This follows a series of incidents in the state, including a woman being scammed out of $17,000. The proposed bill will implement several protective measures, including:

• Daily transaction limit of $1,000
• Mandatory state operator licensing
• Required refund policy options