GuShiio.com Democratic Leader Dick Durbin on the U.S. Senate Judiciary Committee proposed legislation on Tuesday, the Cryptocurrency ATM Fraud Prevention Act, which aims to reduce cryptocurrency ATM fraud. Durbin’s bill would require crypto ATM operators to warn consumers of fraud risks and establish chief compliance officers to develop anti-fraud policies that are reported to the Financial Crimes Enforcement Network (FinCEN). In addition, the bill also sets a daily transaction limit of $2000 for new customers and will receive a full refund if a customer reports a fraudulent transaction within 30 days.（TheBlock）
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