Wisconsin lawmakers proposed a pair of bills mandating rigorous KYC, refund policies, transaction limits, and consumer protections amid a surge in crypto kiosk fraud nationwide.
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.