In 2025, the US implements strict regulations on crypto ATMs in response to rising fraud incidents, particularly targeting seniors.
Key Players and Restrictions
In 2025, notable increases in restrictions on crypto ATMs occurred due to rising reports of fraud against seniors. Federal and state regulators instituted transaction limits and mandatory Know Your Customer (KYC) checks to prevent losses totaling over $246 million in 2024. Key players include the FBI and state Attorneys General.
Impact on Bitcoin and Ethereum Transactions
The newly enforced regulations immediately affect crypto ATM operators by raising compliance costs and limiting assets primarily supporting Bitcoin and Ethereum. Seniors face heightened risks due to targeted scams, resulting in increased consumer protection measures.
Broader Regulatory Implications
The regulatory crackdown limits cash-to-crypto liquidity among retail users and enforces stricter daily transaction caps. States like Colorado are leading legislative efforts to establish unified national standards for crypto compliance and disclosures.
The introduction of new regulations on crypto ATMs reflects growing concerns about fraud and the need for protecting vulnerable populations, such as seniors.
