North Dakota Senate passes crypto ATM bill with daily transaction limit of $2,000

PANews reported on March 19 that according to Cointelegraph, the North Dakota Senate passed HB 1447 with an overwhelming vote of 45:1, which strictly regulates crypto ATMs, including: a daily cash withdrawal limit of $2,000 for users, requiring operators to obtain a state currency transmission license, using blockchain analysis tools to monitor suspicious activities and report them, providing quarterly reports (including terminal location, name and transaction data), and mandatory posting of fraud warning signs. The bill will be returned to the House of Representatives for review and revision. If it is passed, it will be submitted to Governor Kelly Armstrong for signature and implementation. The passage of HB 1447 marks the tightening of crypto ATM regulation in the United States. With the surge in fraud cases, more states may follow suit, pushing the industry from wild growth to compliant operations.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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