Oklahoma introduces new law to regulate cryptocurrency ATMs to prevent scammers from targeting the elderly

2025-06-12 10:59:41

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ChainCatcher news, according to News On 6, a new law in Oklahoma, USA, aims to prevent scammers from using cryptocurrency ATMs to steal funds, particularly from the elderly. The law will take effect in November, limiting first-time users to a withdrawal cap of $2,000 within 72 hours, requiring ATMs to be licensed and tracked, and allowing scam victims to seek refunds within 14 days of reporting.

Lawmakers and the AARP Oklahoma chapter stated that this law is a step towards protecting local residents from the increasingly rampant digital fraud.

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