NH Cracks Down on Crypto ATM Scams with New Regulations

New Hampshire is introducing new regulations to protect residents from cryptocurrency scams at ATMs. Senate Bill 482, signed into law over the summer, sets a $2,000 daily transaction limit and requires new customer transactions to be held for 48 hours before being processed.

According to officials, crypto ATMs have been largely unregulated in New Hampshire until now, making it difficult for victims to recover stolen funds. The new regulations aim to give people more time to realize they've been scammed and take action to reverse the transactions.

AARP New Hampshire joined state leaders to announce the new protections under the law. Manchester detective Ray Lamy noted that New Hampshire has been a target for crypto scams, with surrounding states having implemented similar regulations in the past year or more.