Delaware Advances Bill to Ban ‘Predatory’ Bitcoin ATMs
Summary
Delaware lawmakers advanced House Bill 441, which would ban cryptocurrency kiosks statewide. Supporters say the machines are a consumer protection issue because they often charge far higher fees than online exchanges and are frequently used in scams targeting vulnerable people, especially older adults. Sponsors cited FBI data showing rising complaints and losses tied to crypto kiosks, and state officials warned that the machines are a common tool for fraud. If enacted, existing kiosks would have to stop operating immediately and be removed within 90 days. The bill now moves to the Delaware Senate. The proposal aligns with a broader national trend, as many states have moved to regulate or ban crypto ATMs since 2023.
