Wisconsin Lawmakers Renew Efforts to Regulate Crypto Kiosks Amid Rising Fraud Concerns

Wisconsin lawmakers are stepping up their efforts to better regulate the state’s 582 cryptocurrency kiosks, introducing a second bill in just two weeks to tackle the rising fraud connected to these machines. A recent FinCEN report showed a staggering 99% increase in scams involving crypto kiosks in 2024, resulting in losses of $247 million. To protect consumers, the new proposals aim to limit daily transactions to $1,000. Both Senate Bill 386 and Assembly Bill 384 focus on kiosks found in gas stations, grocery stores, and convenience shops, hoping to make crypto transactions safer for everyone.