(KY3) - A handful of states, including Arkansas, now have laws that better protect consumers from cryptocurrency ATM scams.

When it comes to scams, we often say ‘pause.’ Take a second and think about it. That’s exactly what these new laws do.

There’s a 72-hour hold on all transfers, with the ability to cancel transactions. Cryptocurrency ATMs resemble traditional ATMs, but instead of dispensing cash, they accept cash in exchange for cryptocurrency. It can be anonymous and immediate, and that’s why scammers love them. Crooks use urgency to pull a fast one, and before you know it, the money you sent cannot be traced.

The Louisiana law, which went into effect this month, requires the holders of machines to have a warning saying, ‘no government official will ever request a payment through a

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