A Major Step Forward in Protecting Alabamians From Crypto Kiosk Fraud

AARP Alabama is grateful to the Alabama Legislature and Governor Kay Ivey for the passage of HB 303, the Crypto Kiosk Fraud Prevention Act, an important new law that will help protect consumers, and especially older Alabamians, from fast-growing cryptocurrency scams. The law will take effect October 1, 2026, and it represents a meaningful step forward in Alabama’s efforts to stay ahead of evolving fraud tactics.

As technology changes, so do the methods scammers use to steal people’s money. In recent years, criminals have increasingly used cryptocurrency kiosks -- often called crypto or Bitcoin ATMs -- to pressure victims into sending large sums of money quickly, irreversibly, and with little understanding of what they are being asked to do. Older adults are often targeted through phone, text, or online scams that impersonate government agencies, utilities, banks, or even loved ones. Once a victim is directed to a crypto kiosk and completes the transaction, the funds are usually gone for good.

MEMBERS ONLY

HB 303 directly addresses these risks by putting consumer protections in place around crypto kiosks operating in Alabama. The new law establishes common-sense safeguards to slow down suspicious transactions, improve transparency, and make it harder for scammers to take advantage of unsuspecting consumers. These protections include requirements for clearer disclosures and warnings, stronger oversight of kiosk operators, and limits designed to reduce losses when fraud occurs. Collectively, these measures help ensure that Alabamians are better informed and better protected before money changes hands.

This legislation is especially important for older adults, who often become targets precisely because scammers believe they are less familiar with cryptocurrency and emerging financial technologies. AARP research consistently shows that fraud can have devastating financial and emotional consequences, threatening not only savings but also independence and peace of mind. By addressing crypto kiosk fraud head-on, Alabama is sending a clear message that protecting consumers—particularly vulnerable populations—is a priority.

AARP Alabama also extends sincere thanks to Alabama Securities Commission Director Amanda Senn, whose leadership and expertise were instrumental in advancing this legislation. The Securities Commission plays a critical role in investor education, licensing, and enforcement, and Director Senn’s commitment to consumer protection helped ensure that HB 303 was both thoughtful and effective.