A city of Washington prohibited cryptographic kiosks in order to suppress fraud of digital assets.
The city of Spokane is prohibition Cryptographic kiosks after the municipal council vote Unanimously to adopt a prescription that seeks to protect its residents against scams helped by automatic distributors of digital tickets.
“This prescription prohibits virtual currency kiosks from being operated in the city of Spokane. Spokane experienced a significant increase in scams resulting from the use of cryptocurrency kiosks, and there was a constant increase in the loss of thousands of dollars.
This prescription provides for a tool to protect consumers from people who mainly rely on virtual currency to defraud others. »»
Cryptographic kiosks allow users to buy and transfer digital assets using cash, debit or credit cards. Although machines do not distribute money, they allow users to deposit cryptographic assets in their personal portfolios or transfer funds abroad.
“Virtual currency kiosk transactions move quickly and can occur anywhere and, due to the speed of the transaction, the majority of these transactions are irrevocable …
In some cases, the police are able to trace cryptocurrency transactions and “follow money”, however, many “scams” or harmful transactions transfer funds to destinations abroad, and American police may meet significant challenges in other jurisdictions. »»
The member of the council, Paul Dillon, said that cryptographic kiosks have become “the favorite tool” of crooks who seek to exploit without distrust.
“This ordinance will protect vulnerable residents of Spokane against scams involving virtual currency kiosks, and I am proud to be the first city of the State to advance this legislation.”
Follow us X,, Facebook And Telegram
Do not miss a beat-Subscribe to obtain alerts by e-mail delivered directly in your reception box
Check price action
Surf the daily Hodl mixture
& nbsp
Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
Image generated: Midjourney
