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US Proposes New Law to Regulate Crypto ATMs: Stopping Scams?
Crypto ATM – From Convenience to Scam Tool?
📉 #CryptoATM was once considered a convenient way for users to buy and sell cryptocurrency. However, nowadays, they have become tools for large-scale scams, especially targeting the elderly.
📌 Total losses from scams related to Crypto ATMs in the US have increased tenfold since 2020, exceeding 110 million USD in 2023 alone (according to the Federal Trade Commission - FTC).
📉 #CryptoATM was once considered a convenient way for users to buy and sell cryptocurrency. However, nowadays, they have become tools for large-scale scams, especially targeting the elderly.
📌 Total losses from scams related to Crypto ATMs in the US have increased tenfold since 2020, exceeding 110 million USD in 2023 alone (according to the Federal Trade Commission - FTC).
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