Proposed Nevada ban on Crypto ATMs to protect scam victims

LAS VEGAS (FOX5) — Nevada is the latest state to review a proposed ban on Cryptocurrency ATMs to protect victim from scammers, all as major ATM providers speak out against the move.

The Legislative Committee on Senior Citizens, Veterans and Adults With Special Needs already requested a bill draft for the 2027 Legislative session, according to Assemblymember Reuben D’Silva of Las Vegas and Clark County.

According to a 2025 report from the FBI Internet Crime Complaint Center (IC3), 13,460 complaints from victims reported $389 million in losses from cryptocurrency ATMs and kiosks; the AARP points out that more than 70% of victims were over the age of 60.

“According to the FBI’s numbers, here in Nevada, we’re talking at least $5 million,” said Tod Story, state director for AARP Nevada. “What AARP is against is the scam and the crimes that are being perpetuated against individuals, especially seniors, through the use of these crypto kiosks,” Story said.

Indiana was the first state to enact an all-out ban; other states are considering sweeping legislative proposals, including Nevada. More than 30 states have enacted daily transaction limits among other security measures, according to the AARP.