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North Dakota Senate Passes Crypto ATM Bill With $2,000 Daily Cap

  • North Dakota Senate approves a bill introducing regulations for cryptocurrency ATMs and reinstating a $2,000 daily transaction cap per user.
  • The bill imposes stricter licensing requirements and transaction limits for ATM operators to enhance consumer protection.
  • Operators will be required to obtain a money transmitter license and customers will face a $2,000 daily withdrawal limit.
  • The bill also introduces blockchain analytics requirements and aims to curb financial fraud.

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