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Historic Win for Fraud Prevention: Regulating Crypto ATMs
Cryptocurrency ATM regulation is a big win for North Dakotans
In a historic win for fraud prevention, North Dakota became only the second state in the nation to enact legislation regulating cryptocurrency kiosks and creating important consumer protections to save older North Dakotans from becoming victims of fraud.
HB 1447 creates important consumer protections to save older North Dakotans from having their life savings stolen by criminals via cryptocurrency kiosks. HB 1447 passed both houses and was signed by the Governor on April 11, 2025. It goes into affect on Aug. 1, 2025.
In 2023, the FBI received more than 5,500 complaints involving crypto kiosks, and Americans reported over $189 million in stolen funds, including over $6 million from North Dakotans.
