New Jersey S2141 prohibits businesses from owning or operating cryptocurrency ATMs to combat fraud.

New Jersey S2141 prohibits business entities from owning, controlling, installing, managing, selling, or offering for sale cryptocurrency automatic teller machines (ATMs) in the state. The bill aims to protect consumers from financial losses associated with scams facilitated by these ATMs. Cryptocurrency ATMs are defined as physical, internet-connected kiosks that allow users to buy, sell, send, or receive cryptocurrency using debit cards, credit cards, or cash.

New Jersey S2141 prohibits businesses from owning or operating cryptocurrency ATMs to combat fraud.

New Jersey S2141 prohibits business entities from owning, controlling, installing, managing, selling, or offering for sale cryptocurrency automatic teller machines (ATMs) in the state. The bill aims to protect consumers from financial losses associated with scams facilitated by these ATMs. Cryptocurrency ATMs are defined as physical, internet-connected kiosks that allow users to buy, sell, send, or receive cryptocurrency using debit cards, credit cards, or cash.