Wisconsin Senate Proposes Bill for Stricter Bitcoin ATM Regulations

Wisconsin lawmakers have introduced Senate Bill 386 and Assembly Bill 384 to curb crypto kiosk fraud, which resulted in nearly $247 million in losses last year. The proposals enforce comprehensive identity verification, mandatory fraud alerts, daily transaction limits of $1,000, fee caps, and refund policies for victims, following a reported 99% spike in fraud complaints in 2024.

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