Wisconsin senators file companion bill aiming to curb crypto ATM scams

Senators in the state of Wisconsin have filed an identical bill to accompany earlier legislation filed in the state’s lower house that aims to closely regulate crypto ATMs.

Lawmakers in the US state of Wisconsin introduced a bill in the state’s Senate to accompany an earlier bill filed in the lower house that aims to curb fraud occurring through crypto ATMs.

Senator Kelda Roys, along with six other Democrats, introduced Senate Bill 386 on Monday as companion legislation to Assembly Bill 384, which Democratic Representative Ryan Spaude introduced on July 31.

Under the identical proposed bills, crypto ATM or kiosk operators will need a money transmitting license to conduct operations in the state and must collect information about their users, including name, date of birth, number, address and email.

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