menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

US Lawmake...
source image

Livebitcoinnews

2M

read

220

img
dot

Image Credit: Livebitcoinnews

US Lawmakers Push Crypto ATM Operators to Address Fraud Concerns

  • U.S. Senate Democrats urge major Crypto ATM operators to take action against growing fraud targeting elderly Americans.
  • Fraud losses from Bitcoin ATMs reached $65 million in H1 2023, with a disproportionate impact on people over the age of 60.
  • Senators highlight the role of ATM operators in deploying machines and their responsibility to implement fraud-prevention measures.
  • The spike in fraud and the increasing number of crypto ATMs emphasize the need for stronger security measures to protect vulnerable populations.

Read Full Article

like

13 Likes

For uninterrupted reading, download the app