Crypto
Wisconsin bill targets cryptocurrency kiosk scams
MILWAUKEE – The Wisconsin Assembly passed a bill that aims to rein in cryptocurrency scams, creating new consumer protections around kiosks that can be found at gas stations and convenience stores.
What they’re saying:
Criminals are known to trick victims into depositing money into the kiosks under the guise of protecting their money or paying a fine. Once the money is sent, it’s almost impossible to get back.
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The amended bill that passed Thursday sets a daily transaction limit of $1,000 per person. AARP Wisconsin said the bill protects against large-scale losses.
“We know these are essentially major scam machines, and while they look like a regular bank ATM, they are not,” said AARP’s Erin Fabrizius. “People are being directed there under duress.”
What’s next:
The bill now heads to the Wisconsin Senate.
The Source: FOX6 News reviewed the bill and referenced information from AARP Wisconsin.