Delaware and New Jersey are advancing legislation to ban cryptocurrency ATMs, citing high transaction fees and potential fraud. Delaware's House Economics Committee has moved Bill HB441 to the full House, while New Jersey's Senate Commerce Committee has unanimously approved a similar ban. The proposed Delaware law mandates the removal of existing crypto ATMs within 90 days of enactment, with penalties reaching $10,000 for non-compliance. New Jersey's bill sets fines at $10,000 for first offenses, increasing to $20,000 for repeat violations. These moves follow similar bans in Indiana, Tennessee, and Minnesota.
Delaware and New Jersey Push Forward with Cryptocurrency ATM Bans
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