Banning virtual currency kiosks is no solution to fraud

The complete bans on virtual currency kiosks penalize honest users and fail to tackle the root causes of scams, which exploit human weaknesses. Authorities should seek alternative measures, like implementing effective warning systems at these kiosks.

Instead of outright banning crypto ATMs, governments should ensure they adopt proven fraud prevention tactics. By focusing on consumer education and proactive regulatory frameworks, authorities can better protect users from scams while preserving access to vital cryptocurrency services.

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