Wisconsin Lawmakers Tackle Cryptocurrency Kiosk Scams

A new bill in Wisconsin targets cryptocurrency kiosk scams that have been tricking people out of their money.

According to lawmakers, scammers are posing as banks or government agencies and directing victims to withdraw cash from their bank accounts and deposit it into cryptocurrency kiosks. The scammers then take the money deposited into the machines.

The proposed legislation aims to protect consumers from these types of financial schemes by holding companies responsible for ensuring that their machines comply with state regulations.