- Arizona AG Kris Mayes announced the enactment of a new cryptocurrency consumer protection law—the Cryptocurrency Kiosk License Fraud Prevention Act—aimed at safeguarding Arizonans, especially seniors, from crypto ATM scams.
- The law lowers daily transaction limits for new and existing users, requires transaction receipts, mandates visible scam warnings on kiosks, and establishes a refund policy for victims who report being defrauded within 30 days of the transaction.
- We have previously covered lawsuits brought by the AGs of D.C. and Iowa against operators of crypto ATMs alleging violations of consumer protection and financial exploitation laws.