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Crypto kiosks scapegoated amid financial crimes
As financial technology evolves, so do the methods by which it is exploited for criminal purposes. However, elected officials miss the mark by passing laws that fail to hold the true perpetrators accountable: illicit users and malfeasant parties. Lawmakers incorrectly assigning blame for these crimes reflect their misunderstandings of financial technologies. This is exactly what’s happening across the country as states wrestle with how to regulate cryptocurrency kiosks. Recently, criminals have stolen cash by directing victims to send them funds through a crypto kiosk. As a result, some lawmakers have pinned the ... (full story)
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