Floridians Are Losing Their Savings Through Crypto ATM Scams – Lawmakers Must Act Now! AARP

Floridians Are Losing Their Savings Through Crypto ATM Scams – Lawmakers Must Act Now!

Floridians are losing MILLIONS to crypto ATM scams every year. For the third year in a row Florida lawmakers have the chance to protect Floridians by passing a law requiring critical state oversight for the 3,000+ UNLICENSED CRYPTO ATMs already operating across Florida without oversight.

AARP is urging lawmakers to protect Floridians from crypto ATM fraud by passing essential consumer protections today, including:

- Licensing and oversight of Crypto ATMs through Florida’s Office of Financial Regulation.

- Daily transaction limits at Crypto ATMs, particularly for new users.

- Printed receipts with the transaction details law enforcement needs to investigate in cases of fraud.

- Guaranteed refunds to victims in cases of fraud.

- Staffed customer support hotline offered during operational hours of the Crypto ATM.

AARP urges lawmakers to take action and protect Floridians as soon as possible.