North Dakota Senate passed House Bill 1447, capping crypto ATM transactions at $2,000 per day.
Operators must be licensed, post fraud warnings, and use blockchain analytics for monitoring.
The bill aligns with Nebraska and federal efforts to curb crypto ATM fraud.
The North Dakota Senate has voted overwhelmingly in favor of House Bill 1447. A new bill to license cryptocurrency ATMs and enhance consumer protection. The bill, passed 45-to-1 on March 18, reinstates a $2,000 per-user, per-day transaction limit and imposes tough licensing and anti-fraud regulations on crypto ATM operators.
Stricter Regulations for Crypto ATM
Initially introduced on January 15, House Bill 1447 mandates that all North Dakota operators of ATMs. And cryptocurrency kiosks must possess a money transmitter license. It is a move towards making the operators comply with state financial regulations and implement anti-fraud measures.
The bill also mandates that ATM operators post fraud warning notices
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