Florida Cracks Down on Crypto ATM Scams with Strict New Regulations

Florida Governor Ron DeSantis has signed a law to crack down on crypto ATM scams that have cost victims millions of dollars. The new regulations, which take effect in early 2027, set daily transaction limits of up to $10,000 and require anti-fraud warnings on virtual payment terminals.

The move aims to protect everyday consumers from widespread financial fraud, particularly in major urban areas such as Miami, Hialeah, Orlando, Tampa, and Jacksonville. The regulations also mandate that operators implement structured daily spending caps, provide clear receipts, and maintain strict oversight.

Industry experts emphasize the importance of verifiable safety measures in safeguarding regular families against increasingly sophisticated scams. Under the new rules, companies must verify transaction histories, monitor machine activity, and prevent illegal capital flows.