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S 710119th CongressIntroduced
Crypto ATM Fraud Prevention Act of 2025
Introduced: Oct 23, 2025
Standard Summary
Comprehensive overview in 1-2 paragraphs
Amends federal law to prevent fraudulent transactions at virtual currency kiosks through registration, disclosure, anti-fraud policies, and consumer protections.
Key Points
- 1Requires virtual currency kiosk operators to register with Treasury Department
- 2Mandates comprehensive consumer disclosures about fraud risks and transaction terms
- 3Requires anti-fraud policies, compliance officers, and blockchain analytics
- 4Imposes transaction limits ($2,000/24 hours, $10,000 total) for new customers
- 5Provides refund protections for fraudulently induced transactions
- 6Establishes civil penalties of $10,000 per violation
Impact Areas
Virtual currency kiosk operatorsFinCEN and Treasury DepartmentCryptocurrency consumersAnti-money laundering regulationsFinancial fraud preventionConsumer protection
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