News Explorer — Wisconsin Lawmakers Introduce Bills to Regulate Crypto Kiosks After $247 Million in Fraud Losses Last Year
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Aug 12, 6:50 am
Wisconsin Lawmakers Introduce Bills to Regulate Crypto Kiosks After $247 Million in Fraud Losses Last Year
Two bills, Senate Bill 386 and Assembly Bill 384, aim to regulate crypto kiosks in Wisconsin, following a surge in fraud that resulted in $247 million in losses last year. The bills require operators to obtain money transmitter licenses and implement consumer protections like fraud alerts and identity verification protocols.
Two bills, Senate Bill 386 and Assembly Bill 384, aim to regulate crypto kiosks in Wisconsin, following a surge in fraud that resulted in $247 million in losses last year. The bills require operators to obtain money transmitter licenses and implement consumer protections like fraud alerts and identity verification protocols.
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