Delaware Advances Bill to Ban ‘Predatory’ Bitcoin ATMs

Delaware lawmakers advanced legislation this week that would ban all cryptocurrency kiosks statewide, mandating their physical removal within 90 days. The bill, introduced by Representative Michael Smith, aims to curb what proponents describe as "predatory" practices associated with these machines. Supporters of the bill cite concerns over high transaction fees, lack of consumer protections, and the potential for these kiosks to facilitate illicit activities. The legislation specifically targets Bitcoin ATMs, but the language is broad enough to encompass other cryptocurrency-related kiosks. The proposed ban follows similar efforts in other states and cities seeking to regulate or restrict the proliferation of cryptocurrency vending machines. The bill now moves to the Delaware Senate for further consideration. If passed, it would represent a significant regulatory shift for digital asset access points within the state, potentially impacting thousands of users who rely on these kiosks for converting fiat currency to cryptocurrency and vice versa.