The digital equivalent of snatching coins from someone's outstretched hands.
In a joint effort between Minnesota lawmakers, local law enforcement, and the Department of Commerce, legislation has been introduced to ban crypto ATMs across the state in response to widespread fraud and financial abuse, particularly of the elderly.
So called "pig butchering" scams are happening on an industrial scale. Politicians have noticed.
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The rot at the heart of crypto in 2022 is now up for debate, as the industry goes through another crash.
It highlights the perils of "trusted third parties"—and reminds us what the whole point of decentralized protocols was to begin with.