The North Dakota Senate has approved a bill that would regulate crypto ATMs. The new rules would set a $2,000 daily transaction limit and require operators to obtain a license to operate money transmitters. The bill aims to protect users and prevent fraud, and would require operators to analyze transactions on the blockchain and report suspicious activity to authorities.

The original version of the bill, proposed in January, included a $1,000 limit, but was rejected. The new version increases the limit and adds reporting requirements: operators must provide quarterly data on ATM locations and transactions. The bill will now go to the House of Representatives for further consideration.

The United States leads the world in the number of crypto ATMs, accounting for 78% of the global market. However, the lack of clear regulation creates risks for users. The new bill is designed to strengthen protection and increase transparency in this area.