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White House is 'close' on Japan, India tariff agreements but expect them to be light on specifics; Families in limbo following federal energy assistance program cuts- we have reports from NH and MD; NV adopted CA's 'clean car' standard, rule now under GOP examination.

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Educators worry about President Trump's education plan, as federal judges block several of his executive orders. Battles over voting rules are moving in numerous courts. And FSU students protest a state bill lowering the age to buy a gun.

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Migration to rural America increased for the fourth year, technological gaps handicap rural hospitals and erode patient care, and doctors are needed to keep the Eastern Band of Cherokee Indians healthy and align with spiritual principles.

Crypto kiosk scams target of proposed regulations

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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.


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