A 3244
Prohibits cryptocurrency automatic teller machines.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill prohibits businesses from operating cryptocurrency automatic teller machines (ATMs) in New Jersey. The legislation is driven by a significant increase in scams linked to these ATMs, with fraud losses soaring to over $110 million in 2023. It aims to protect consumers from financial harm associated with these machines by clarifying the definition of a cryptocurrency ATM and prohibiting their operation within the state.
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Primary sponsors
Cosponsors
Cody Miller
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