North Dakota Senate passes crypto ATM bill, with a daily transaction cap of $2,000

PANews March 19th news, according to Cointelegraph, the North Dakota Senate passed the HB 1447 bill with an overwhelming vote of 45:1, strictly supervising crypto ATMs, including: a single-day withdrawal of $2,000 for users, requiring operators to obtain an in-state currency transmission license, use blockchain analysis tools to monitor suspicious activities and report them, provide quarterly reports (including terminal location, name and transaction data), and force posting fraud warning signs. The bill will return to the House of Representatives for review and will be submitted to Governor Kelly Armstrong for signing and taking effect. The passage of the HB 1447 Act marks a tighter regulation of crypto ATMs in the United States. As fraud cases surge, more states may follow suit and promote the industry to transform from wild growth to compliant operations.