(NewsNation) — Florida lawmakers are eyeing legislation to prevent crypto ATM scams, a growing problem as people nationwide are losing a hefty chunk of change within seconds.
Americans lost nearly $247 million to crypto ATM scams last year, and seniors above age 60 were the most frequent targets, according to the FBI’s 2024 Internet Crime Report.
Lawmakers in Tallahassee, Florida, have proposed a bill that would require crypto ATMs to display clear warnings of possible fraud tactics. State House Bill 505 would also limit transactions for new customers to $2,000 per day and for existing customers to $10,500 per day. It mandates the kiosk operator to provide customers with a receipt and the option of a refund under certain conditions…