Arizona is set to enforce the Cryptocurrency Kiosk License Fraud Prevention Act this week, introducing stringent measures to tackle cryptocurrency ATM fraud. The new law limits daily transactions to $2,000 for new users and $10,500 for existing users. Additionally, operators are required to refund victims who report fraud within 30 days of the transaction. This legislative action comes in response to reports indicating that Arizonans lost $177 million to crypto scams last year, with a significant impact on elderly residents. The law also mandates that kiosks provide clear transaction receipts and display visible warnings to enhance consumer awareness.