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Protecting Your Money from Crypto Kiosk Fraud

AARP

Published April 03, 2026

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Idaho has a new law, backed by AARP, that helps protect you from scams involving virtual currency kiosks.

These machines, often called crypto kiosks or bitcoin ATMs, are found in grocery stores and gas stations and have become a favorite tool for scammers to quickly steal large amounts of money, with little chance of recovery.

The Virtual Currency Kiosk Fraud Prevention Act, passed by state legislators in 2026, creates important safeguards to stop scammers and protect Idahoans’ life savings.

How the New Law Protects You

Requires crypto kiosks to be licensed and registered with the state, making it easier for law enforcement to track and investigate machines used in scams.
Establishes new user daily transaction limits to combat scammers who demand repeated and rapid deposits from their victims.
Ensures clear, on-screen fraud warnings.
Requires crypto kiosk operators to refund fees on fraudulent transactions.

Facts About Fraud in Idaho

Idahoans filed 10,455 fraud reports in 2024, totaling $54.9M in stolen funds, according to the FTC.
1 in 5 Idahoans 45-plus has been a victim of fraud in the past year.
Only 52% of Idaho adults report scams to authorities.
Idaho’s reported crypto-related fraud losses rose from $19 million in 2023 to over $35 million in 2024, with seniors hit the hardest.