Wisconsin Senate intros crypto ATM fraud bill

Security

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August 13, 2025

Several Wisconsin senators introduced a companion bill to one in the House to combat crypto ATM fraud. The bill would require fraud warnings and for crypto ATM operators to get a money transmitting license with the state, according to a report by Cointelegraph.

The House and Senate bills are identical and would cap daily transactions at $1,000. The crypto ATMs would also need to collect information about users, such as name, date of birth, address, email, a government issued document and a photo. In addition, operators most reimburse customers who are victims of fraud.

“The bill also limits the fees a virtual currency kiosk operator may charge a customer per transaction to the greater of $5 or 3 percent of the transaction amount. A virtual currency kiosk operator must issue a refund to a customer, upon the customer’s request, for the full amount of a transaction if 1) the customer was fraudulently induced to engage in the transaction and 2) within 30 days after the transaction, the customer contacted the virtual currency kiosk operator and a government or law enforcement agency to inform them of the fraudulent nature of the transaction,” Senate Bill 386 states.

The Senate bill was introduced by Senator Kelda Roys and the House bill was introduced by Representative Ryan Spaude.

This bill comes on the rise of government warnings and oversight into bitcoin ATMs. For example, FinCEN recently put out a warning about bitcoin ATM scams, while U.K. authorities crack down on unregistered bitcoin ATMs.