✉news BusinessCrypto first seen 23 h ago, last 19 h ago, peak #8
Michigan debates banning bitcoin ATMs amid fraud losses
Original: Why some say Michigan should ban bitcoin ATMs as victims lose millions
Calls are growing in Michigan for a ban on bitcoin ATMs, with critics pointing to residents losing millions of dollars to scams that direct victims to withdraw cash and feed it into the machines. Detroit Free Press reporting has fuelled debate over whether regulators should restrict or outlaw the kiosks, which fraudsters exploit because transactions are irreversible and hard to trace.
Why now: Recent reports of victims losing millions to bitcoin ATM scams have put pressure on Michigan lawmakers to act.
Michiganbitcoin ATMsDetroit Free Press
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- Why some say Michigan should ban bitcoin ATMs as victims lose millions · Detroit Free Press
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