- Texas Rep. The letter to install crypto ATMs in the federal building to back the financial integration.
- By providing access to cryptocurrency ATMs to federal buildings, we can ensure that public spaces reflect the rapid emerging trend- Texas Rep.
Texas policy manufacturers are planning to bring digital currency to American citizens by positioning crypto ATMs in federal buildings.
A Republican representative of Texas, Lance Gooden, wrote a Letter Stephen Ehikian, acting overseer of the general management service, on May 1, and requested the rush to promote crypto infrastructure by increasing machines.
The General Services Administration (GSA) is responsible for the management of government buildings, including some of the regular banking ATMs. The letter also noted that crypto is an integral part of the global financial system, and the use of ATMs in federal buildings will restore the financial needs of a diverse and rising consumer base.
The representative also wrote that by providing access to cryptocurrency ATMs to federal buildings, we can ensure that public spaces reflect the rapid emerging trend. Also, the proposal is in accordance with Trump's vision of making the US leader of the crypto.
ATM ACCESS SPARKS DEBATE
Positioning more crypto ATMs may be a piece of good news for Cyber criminals aimed at indigenous Americans with hacks. In 2024, approximately 11,000 complaints were filed with crypto ATMs and kiosks.
The numbers were 99% up compared to the last year, as per the Crime Crime Complaint center. The total loss is approximately $ 246.7 million. And citizens over 60 years of age only lose $ 107 million.
The fraud associated with crypto ATMs consists of extortion, tech support scams, government actions schemes, and more. Most scammers are asking targets to use them to transfer money due to difficulty recovering funds.
Considering all of this, the UK has banned crypto ATMs, and France, Australia, and Germany to this day have stopped unregistered operators. In the United States, some cities as well as states also place restrictions or restrictions.
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