North Dakota Proposes Crypto ATM Transaction Cap to Tackle Fraud

Quick Summary:

Lawmakers in the U.S.state of North Dakota are considering a new bill aimed at combating cryptocurrency-related fraud through stricter regulations on crypto ATM transactions, according to Cointelegraph.

The proposed legislation includes capping daily withdrawals from crypto ATMs at $1,000 and limiting transaction fees to $5 or 3% of the total amount, whichever is lower.

While the caps provide enhanced protection and lower fees, they may inconvenience users who rely on ATMs for larger transactions.

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Article Details

Author / Journalist: Editor Team

Category: Crypto

Markets: India

Topics: North Dakota Crypto ATM Transaction Cap Crypto News North Dakota

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 16:53:24 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 415 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 25374973

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 34 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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