**Clickbait Title:** “Crypto ATMs Beware: North Dakota’s Senate Unleashes the Hammer 😱”
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In the frosty realm of North Dakota, where prairie winds steer clear of subtlety, a bill targeting cryptocurrency ATMs has pirouetted past the Senate with a 45-to-1 vote. Cue dramatic music; the machines are being told to put their shady tricks on ice. 🧊
Crafted with the care of a miser counting dimes, House Bill 1447 creaked into existence this January and now nears the warm embrace—or cold indifference—of Governor Kelly Armstrong’s signature. It proposes measures like a brazen $2,000 daily transaction limit (because why make it easy for schemers to scam?) and mandatory fraud warnings for users silly enough to think “free Bitcoin” is a real-life possibility. 🤷♂️
Originally, lawmakers dabbed with a $1,000 cap but quickly realized, aha—higher limits might make fewer people cry into their crypto wallets. Thus arrived the absurdly matter-of-fact $2,000 daily ceiling across all machines. No exceptions—unless you’re a vending machine selling tears (then, please continue). Everyone’s favorite over-complication of rules was dissolved during debates—RIP to “five transactions within 30 days,” 2023 found you too quirky.
In the name of sleuthing like a blockchain Sherlock Holmes 🕵️♂️, ATM operators must now cozy up to analytics tools to report shady business—because nothing screams “financial safety” like an Excel sheet tracking suspicious crypto dealings. Also, quarterly reports filled with thrilling bureaucratic details about kiosk locations and operator names will soon be rolling in, extra dull but effective (probably). 💾
Amid the hearing theater back on January 22, Lisa Kruse, the financial institutions commissioner, gave legislators statistics like gifts on Christmas morning. Her key takeaway? Locals lost $6.5 million to crypto scams last year. Now, if that isn’t motivation to reign in rogue ATMs, what is? Oh yes, House Representative Steve Swiontek chimed in, painting a vivid picture of crypto ATMs as stamped invitations for scammers. 🎉
Crypto ATMs dot the nation like overpriced trinkets at a yard sale—nearly 30,000 reside across America. (What happens in Vegas ATMs doesn’t stay there, apparently). As complaints swirl louder than prairie tornadoes, lawmakers hope damage control via regulation will keep unsuspecting residents’ wallets intact—or at least less decimated. 🤦♀️
This move piggybacks off similar legislation from Nebraska, where Governor Jim Pillen smuggled the Controllable Electronic Record Fraud Prevention Act past unsuspecting machines under the banner of safeguarding residents from “gee whiz” crypto scams. It’s like cornhusker camaraderie, but with less corn and more “Blockchain Big Brother.” 🌽
Clutch your wallets closely, folks; North Dakota is yanking the rug from under the crypto cowboys. Pony up those licenses and analytics tools. Welcome to the future, where the ATM screen displays your wins/losses *and* disappointments. 🎰
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2025-03-19 10:59