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Delaware and New Jersey advance bills to ban cryptocurrency ATMs

Delaware and New Jersey have each moved bills to ban cryptocurrency ATMs to the floor of their legislatures. The proposals would prohibit the ownership, installation and operation of crypto ATMs, driven by concerns they are mainly used for fraud. Delaware’s bill would require existing machines to be removed within 90 days if enacted and includes fines and refund requirements. Supporters cite FBI data showing complaints and losses rising in 2025.