The North Dakota Senate has approved a bill aimed at regulating crypto ATMs to protect users from fraud.
New Legislation for Crypto ATMs
Bill 1447 was passed on March 18, 2025, introducing a $2,000 limit per user. It mandates the registration of crypto ATMs as money transmitters to ensure user security.
Perspectives on the Bill
Some argue that the bill will limit the growth of crypto ATMs in the state, while others believe it will protect investors. The governor of North Dakota is expected to sign the bill into law soon.
Global Crypto ATM Statistics
According to Coinatmradar, North Dakota has 45 Bitcoin ATMs. The United States has around 28,000 crypto ATMs, making it the leading country in terms of such machines, followed by Canada with 3,544 machines, Australia with 1,610 machines, and Poland and Spain.
The adoption of the new law in North Dakota highlights the growing need for regulation in the crypto infrastructure. It may serve as an example for other regions to ensure user safety.
