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Law enforcement asks legislators to ban cryptocurrency kiosks to curb scams
When Woodbury police officers responded to a call of a senior looking confused at a cryptocurrency kiosk at a gas station, they learned she was the victim of a scam that had been going on for eight months. She had already completed at least 10 Bitcoin transactions in six months.
“She was already vulnerable with fixed income and food and housing insecurity. APS, adult protection services, had to become involved due to her dire circumstances. She had been giving 50% of her income per month to the scammers and she was afraid she was going to have to live out of her car because she had no money left,” Woodbury Det. Lynn Lawrence told the House Commerce Finance and Policy Committee Thursday.
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