Arizona is rolling out a new law aimed at cutting down scams that use crypto kiosks. According to reports, state officials say residents lost about $177 million to schemes tied to crypto ATMs.

There are roughly 600 of those machines across the state, and lawmakers moved quickly after steep losses and repeated complaints from victims, many of them older adults.

New Limits And Refund Rules

Under the new rules , operators must put limits and safety checks on the kiosks. Based on reports, new customers will be capped at $2,000 per day.

Existing users can move up to $10,500 per day. Operators must show clear warnings on the screen and get users to acknowledge them before the cash is turned into crypto.

If a new user was tricked into using a kiosk, the operator must issue a full refund,

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