BISMARK, N.D.— The North Dakota Senate has approved a bill restricting cryptocurrency ATMs, capping daily transactions at $2,000, Coin Insider reported.
The state’s Senate passed House Bill 1447 in a 45-to-1 vote. The bill was introduced to the state’s legislative assembly in January 2025 to protect residents from scammers. The legislation, aimed at increasing oversight and preventing potential financial risks, has sparked debates among lawmakers, crypto advocates, and industry stakeholders, Coin Insider explained.
“The bill passed with a significant majority and is part of broader regulatory efforts to introduce safeguards against illicit activities such as money laundering and fraud. Supporters of the measure argue that imposing limits on daily transactions will help protect consumers from scams while ensuring compliance with federal and state financial regulations. However, critics say that the bill could hinder the growth of crypto adoption in the state, making North Dakota less attractive to crypto businesses and investors,” Coin Insider said.
The bill’s passing has drawn mixed reactions from crypto industry players. Some crypto ATM operators have expressed concerns over the potential decline in transaction volumes and revenue, as users who rely on these machines for buying or selling digital assets may find the restrictions limiting. The new cap could mean adjusting trading strategies for businesses and individuals engaged in crypto transactions, Coin Insider said.