skip to main content
skip to newscasts

Friday, April 4, 2025

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Republicans weigh using the power of Congress to rein in Trump on tariffs; Stocks tumble again after China fires back in trade war; Mississippi urged to invest in jobs, not jails, to cut prison costs; Studies highlight gut health benefits of plant-forward diets in MI.

view newscast page
play newscast audioPlay

The administration stands behind its tariffs, despite declines in markets. Advocates nationwide push back against federal rollbacks affecting military families, and the environment and big budget plans advance in Congress.

view newscast page
play newscast audioPlay

The proposed dismantling of the Depart. of Education has rural schools scared, postal carriers say USPS changes will hurt rural communities most, fiber networks to improve internet may be supplanted by Musk's satellites, and it's time to PLAY BALL!

Crypto kiosk scams target of proposed regulations

play audio
Play

Wednesday, April 2, 2025   

A bill in the Maryland General Assembly would regulate cryptocurrency kiosks, the more than 700 ATM-like machines for virtual currencies around the state.

The FBI received more than 4,400 complaints about the kiosks in 2023, according to a report on cryptocurrency scams. Nearly 60% of complaints came from people over the age of 60.

The legislation would establish registration and operating requirements for the kiosks in the state, enforced by the Commissioner for Financial Regulation.

Tammy Bresnahan, senior director of advocacy for AARP Maryland, said crypto kiosks have become a new way for scammers to target people.

"These kiosks have become a haven for scammers to call people to say, 'There's a problem with your account. You need to take money -- $4,500 in cash -- and deposit it into this nearby cryptocurrency kiosk because your account has been compromised,'" Bresnahan explained.

The total losses from cryptocurrency kiosks in 2023 exceeded $150 million.

The FBI advised no legitimate law enforcement or government agency would call or message demanding payment with a cryptocurrency. Bresnahan pointed out one of the issues with kiosks is they are not required to provide a user a receipt for their transaction, making them hard to track.

"Operators must clearly disclose transaction fees and exchange rates," Bresnahan urged. "And there has to be some kind of receipt. It doesn't have to be a printed receipt, but it has to be some kind of detailed receipt, whether it's on the system or whether it comes out printed. Because, right now, when you put money in there, you don't get anything."

Other states, like Minnesota and Vermont, have already passed legislation regulating virtual currency kiosks.

Disclosure: AARP Maryland contributes to our fund for reporting on Budget Policy and Priorities, Energy Policy, Health Issues, and Senior Issues. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
In addition to gut health benefits, many researchers say reducing meat consumption and increasing plant-based foods can help lower greenhouse gas emissions, conserve water and reduce the environmental footprint of food production. (NDABCREATIVITY/Adobe Stock)

Health and Wellness

play sound

By Dawn Attride for Sentient.Broadcast version by Chrystal Blair for Michigan News Connection reporting for the Sentient-Public News Service Collabora…


Social Issues

play sound

As Mississippi grapples with one of the nation's highest incarceration rates, a new national campaign highlights the economic and social toll of …

Social Issues

play sound

Nearly 22,000 Florida college students could lose critical tuition help under a state House budget proposal. The plan would cut $3,500 annual grants …


Marches, rallies and protests will take place at state capitals, federal buildings, congressional offices and city centers. (Hands Off!)

Social Issues

play sound

Pro-worker and pro-democracy organizers and activists in Nevada are coming together to oppose some of the policies of President Donald Trump…

Environment

play sound

Minnesota bird enthusiasts should keep their binoculars handy. April is a good month to spot various species migrating back to the region. Experts …

The U.S. Senate voted 52-48 to end the Consumer Financial Protection Bureau's overdraft-fee protection regulation. (Adobe Stock)

play sound

As President Donald Trump dismantles the Consumer Financial Protection Bureau, advocates of the agency warn that veterans and military service …

Social Issues

play sound

Arizona lawmakers are considering a bill to prevent cryptocurrency scams and regulate what are known as "crypto kiosks." Brendon Blake, AARP …

Social Issues

play sound

UPDATE: A statement about the arrest from the University of Cincinnati has been added. (8:10 a.m. MDT, Apr. 3, 2025) A recent arrest on the …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021