80-year-old Joseph Bentello became a victim of fraud after sending $5000 through a Bitcoin ATM, after being told that his son was in jail. This case led to the introduction of the "Cryptocurrency ATM Fraud Prevention Act." The bill, proposed by Senator Dick Durbin, aims to increase transaction security and protect newcomers from fraud. Among the proposed measures are transaction limits for new users and mandatory confirmation of large transactions via a call.
2/27/2025 8:00:43 AM (GMT+1)
U.S. Senators have proposed a bill to protect Bitcoin ATM users from fraud with transaction limits and mandatory confirmation of operations
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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