Arizona Governor Signs Cryptocurrency ATM Anti-Fraud Bill HB 2387

Blockbeats

05-13

BlockBeats News, May 13th, according to Decrypt, Arizona Governor Katie Hobbs vetoed two cryptocurrency-related bills while signing a regulatory bill targeting cryptocurrency ATMs.

The two vetoed bills included SB 1373 (Digital Asset Strategic Reserve Fund Act) and SB 1024 (Cryptocurrency Payments for State Taxes Act).

The signed HB 2387 bill establishes strict regulations for cryptocurrency ATMs, including requirements for operators to display a multi-language fraud warning, set daily transaction limits (new users $2,000, existing users $10,500), provide 24/7 customer support, and comply with anti-money laundering protocols.

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