Virginia is pushing a bill to regulate cryptocurrency ATM kiosks across the state after the bill was approved by both the Senate and House and sent to the governor’s desk. If signed into law, the legislation will require licensing and reporting for operators, as well as strengthen consumer protections against scams.
Measures include banning kiosk advertising similar to traditional ATMs, setting daily and monthly transaction caps, verifying identities, and posting clear fraud warnings at machines. New users will have transactions held for 48 hours to allow refunds if fraud is suspected. The bill, sponsored by Representative Michelle Maldonado, stems from a surge in scams where victims are tricked into depositing cash to buy cryptocurrencies and then have their funds difficult to recover. Virginia is joining a group of US states actively tightening regulations on cryptocurrency ATMs.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
U.S. FDIC Chair: Under the GENIUS Act, stablecoins are "absolutely not" covered by deposit insurance
The Chairman of the FDIC in the United States emphasized that under the GENIUS Act, stablecoins (such as USDT, USDC) are not covered by FDIC deposit insurance to distinguish them from traditional bank deposits and prevent misleading investors. Additionally, although banks can issue stablecoins, they must adhere to strict reserve requirements.
動區BlockTempo2h ago
The Night Before Hong Kong Stablecoin License: Institutional Breakthroughs and a Panorama Scan Amid Global Changes
Author: Coinfound
By March 2026, the global digital financial market will be at a critical crossroads of regulatory restructuring and industry revaluation. Hong Kong is about to issue the first batch of licenses for fiat-backed stablecoin issuers. This is not just a routine licensing approval but a landmark event signaling that Hong Kong's digital financial infrastructure is entering a practical phase.
On the surface, this is regulatory implementation; but on a deeper level, it signifies that Hong Kong is trying to answer a more strategically important question: in the context of accelerating US-China digital financial competition and tightening global compliance frameworks, how can Hong Kong build a trustworthy system through the stablecoin regime that supports cross-border payments, enterprise-level treasury management, and RWA tokenization settlement?
CoinFound believes that understanding the significance of the “night before the license” should not only focus on who will receive the first batch of licenses but also on what Hong Kong ultimately aims to reshape with this system.
PANews2h ago
Is The Future Fed Setting Up For Another Shot At A CBDC?
A recent meeting between Senator Cynthia Lummis and Fed chair nominee Kevin Warsh reignited debates over a potential Central Bank Digital Currency (CBDC). While Lummis supports financial innovations, Warsh favors a wholesale CBDC, opposing retail ones due to privacy concerns.
Blockzeit3h ago
The first in the U.S.! Florida's "Stablecoin Bill" passes successfully, and the government will accept stablecoin payments
Florida passes the first stablecoin regulation bill in the United States, SB 314, bringing stablecoins into the money services regulatory framework and establishing their legal status. The law requires stablecoin issuers to comply with traditional financial standards and emphasizes consumer protection and anti-money laundering measures. This move aims to attract Web3 companies, enhance transparency of digital assets, and balance innovation with financial stability. The state government also plans to allow the use of stablecoins for paying state-level service fees, demonstrating the increasing legalization trend of digital assets.
区块客3h ago
Revealed: How Russian businessmen use cryptocurrencies and "zero cross-border settlements" to solve 40% exchange rate losses in trade with Iran?
Russian companies, in response to losses caused by Iran's dual exchange rate system, have developed cryptocurrency transfer, underground hawala exchanges, and internal settlement systems, successfully reducing export losses. However, after the outbreak of war in 2025, this financial system came to a complete halt, affecting cross-border transactions and logistics.
動區BlockTempo4h ago
US Lawmakers Introduce Death Bets Act to Ban War Betting
Two US lawmakers have introduced a new bill. That aims to stop people from betting on violent global events. The proposal is called the Death Bets Act. It would ban prediction markets from offering bets related to war, terrorism, assassination or a person’s death. The bill was introduced on
Coinfomania5h ago
