PANews June 12 news, according to News On 6 report, a new law in Oklahoma, USA aims to prevent scammers from using Crypto Assets ATMs to steal funds, especially from the elderly. This law will take effect in November, with a withdrawal limit of no more than $2000 for first-time users within 72 hours, requiring that the ATMs must be licensed and tracked, and allowing victims of fraud to seek refunds within 14 days after reporting. Legislators and the American Association of Retired Persons (AARP) Oklahoma chapter stated that this law is a step towards protecting local residents from the increasingly rampant digital fraud.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
A new law in Oklahoma, USA will combat Crypto Assets ATM fraud.
PANews June 12 news, according to News On 6 report, a new law in Oklahoma, USA aims to prevent scammers from using Crypto Assets ATMs to steal funds, especially from the elderly. This law will take effect in November, with a withdrawal limit of no more than $2000 for first-time users within 72 hours, requiring that the ATMs must be licensed and tracked, and allowing victims of fraud to seek refunds within 14 days after reporting. Legislators and the American Association of Retired Persons (AARP) Oklahoma chapter stated that this law is a step towards protecting local residents from the increasingly rampant digital fraud.