Articles for tag: ATM scams, Consumer Protection, cryptocurrency regulation, digital asset transactions, financial oversight, Illinois governor, Pritzker proposal

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Pritzker’s New Proposal Targets Crypto ATMs to Combat Scams and Money Laundering Risks

Illinois Governor JB Pritzker plans to address concerns about cryptocurrency ATMs in his upcoming State of the State address. His proposed legislation aims to combat scams and money laundering linked to these machines. Key features of the proposal include setting daily transaction limits, capping fees to prevent exploitation, and mandating receipts detailing the dollar value ...

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