The Northern Dakota Senate has approved a bill presenting new regulations for automatic cryptocurrency counters while restoring a daily $ 2,000 transaction ceiling per usera provision that had already been removed by the state house.
On March 18, 2025, the Senate Bill 1447 adopted in a vote of 45-1. The vote indicates strong support for stricter controls on automatic distributors of cryptographic tickets to limit financial fraud.
Originally presented on January 15, 2025, the bill expose To improve consumer protection by imposing stricter license requirements and transaction limits for ATM operators.
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Key provisions in the bill
As part of the latest version of HB 1447, operators for automatic tickets for cryptocurrency tickets and kiosks will be necessary to obtain a silver issuer license to operate legally within the State.
In addition, customers will face a daily withdrawal limit of $ 2,000 with all automatic ticket distributors operated by a supplier. The bill also requires that automatic ticket distributors display fraud warnings to alert users of potential scams.
Initially, the invoice offered a daily transaction limit of $ 1,000 strict per customer. However, a chamber committee then changed the proposal in February, allowing customers to withdraw up to $ 2,000 per dayBut only for their first five transactions within 30 days.
The Senate has now removed the 30 -day limitation, opting for a $ 2,000 dish Cap per day.
Before he became a law, the bill must be referred to the House for approval of Senate changes. If it is adopted, he will go to Governor Kelly Armstrong, who will decide to sign him or veto.
RUP:
The Northern Dakota Senate approves ATM Crypto regulations, restore $ 2,000 in daily ceiling per user per user pic.twitter.com/r8kqfgmbja
– Linest (@lientapp) March 19, 2025
RUP:Beyond the transaction limits, HB 1447 introduces the blockchain analysis requirements for Atm Crypto operators.
These provisions require companies to monitor transactions for suspicious activities, report fraud to the authorities and submit quarterly reports detailing their ATM locations, their customer transactions and the operator’s details.
The main sponsor of the bill, representative Steve Swiontek, underlined the need for these measures during a legislative hearing on January 22, 2025. He said that the lack of regulations allowed criminals to exploit the automatic distributors of cryptographic tickets.
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Growing regulatory efforts through us
Northern Dakota is not the only one to take measures to regulate automatic distributors of cryptographic tickets. On March 13, 2025, the governor of Nebraska, Jim Pillen, signed a similar law, the controllable law on the prevention of electronic records. This also aims to prevent fraud in cryptographic transactions.
At the federal level, Senator Dick Durbin of Illinois presented legislation on February 25, 2025 to regulate the automatic distributors of cryptographic tickets nationwide.
Durbin cited a real scam case in which a constituent was deceived by depositing $ 15,000 in a cryptographic automatic counter, believing that this would prevent his arrest of false accusations.
According to a September 2023 report by the Federal Trade Commission (FTC), fraud involving automatic Bitcoin ticket distributors has almost increased tenfold since 2020. In addition, losses greater than $ 65 million in the first half of 2024 were recorded.
In addition, the report revealed that people aged 60 and over were three times more likely to be targeted by crooks via automatic distributors of cryptographic tickets.
Despite growing concerns about fraud, the United States remains the largest market for Bitcoin automatic counters. ATM Coin radar data show that the United States represents 78% of the world market, with 29,822 Machines in operation.
Canada ranks second. It hosts 3,486 automatic crypto shops (9.2% of the world market). Meanwhile, Australia follows in third place, with 1,613 automatic ticket distributors, representing 4.3% of the market.
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Main to remember
- The Northern Dakota Senate adopted an ATM Crypto ticket, restoring a daily withdrawal of $ 2,000 per user.
- The bill obliges more strict regulations, forcing operators to obtain licenses, to monitor transactions and to report fraud.
- Fraud at ATM Crypto increases, with losses exceeding $ 65 million at the beginning of 2024, which caused regulatory action across the United States
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