Regulation· ★★★· neutral·

Alabama introduces refunds for crypto ATM scam victims

  • —Alabama's HB 303 took effect on October 1
  • —Victims must report fraud within 60 days
  • —New users face a $1,000 daily and $10,000 monthly limit
  • —ASC: 64% of responding kiosk users reported fraud
Why it matters: Alabama is the first state to mandate refunds for crypto ATM fraud, a model other US states may follow.
Source: TokenPost