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With the constant expansion of cryptocurrencies worldwide, several nations have brought their bills and set of regulations to oversee the activities; in a most recent development, it is reported that the Senate of North Dakota has passed a bill to regulate cryptocurrency ATMs.
The bill also has a limit of $2,000 per user; 1447 was passed on March 18, 2025. It is worth noting that the bill was introduced in the assembly in January to safeguard users from growing scam activities concerning crypto ATMs.
The introduced bill will bind Crypto ATMs to registration
Per the available information, the recently introduced version of Bill 1447 will require kiosks and crypto ATMs to be registered with the authorities as money transmitters.
After making the changes, the bill will be signed by the governor of North Dakota, who will turn the bill into law. A person aware of the fact says that the changes in the bill will address the growing illicit and suspicious activities over crypto ATM machines.
Some argue that the bill will restrict the activities and growth of the crypto ATM business in the state. Yet, some say this will help the authorities safeguard investors by constantly monitoring them.
Data available on Coinatmradar notes that 45 Bitcoin ATM machines are installed in North Dakota; some major operators in the region are Bitcoin Depot, Coin Flip, Rockit Coin, and Bytefederal.
Yet there are roughly 28 thousand crypto ATMs installed in the United States, making the nation with the highest number of machines; Canada is 2nd in the list with 3,544 crypto machines, Australia has 1610 machines, and Poland and Spain are closely competing.
And in terms of total machines installed worldwide, General Bytes stands at the top, followed by BitAccess, Genesis Coin, Bitstop, and Bytefederal, among others.
Why is the crypto market struggling below $3 trillion?
Since the past few days, the invisible momentum has been dragging the crypto market cap below lower lows, and when writing, it was $2.72 trillion.
However, no specific reason is given for the decline, but a few of the most discussed reasons include the spiking liquidation in cryptocurrencies like Bitcoin, Ethereum, and others that troubled the bigger pool and the changes in trade tariffs and back-to-back hacks and scams troubling the market.
Until publishing, Bitcoin was trading at $83,621 with a loss of 15% in the past 30 days and is currently trading below its 50-day exponential moving average; its price and market cap have also declined below the mark of $2 trillion.
Over the weeks, Ethereum has struggled below $2,000, and its declining prices have sparked a major bear sentiment in the market, with the fear and greed index currently at 23, showing a slight improvement to the number on March 18.
