San Diego is moving closer to becoming the first city in California to require warning signs on cryptocurrency ATMs. The proposed measure would require scam warnings on crypto kiosks commonly found in convenience stores, gas stations, and grocery stores. Supporters say the signs could help prevent people from falling victim to cryptocurrency scams, which have cost victims millions of dollars. Older adults are often among those targeted by scammers using crypto ATMs. The proposal cleared the San Diego City Council’s Rules Committee this week and now moves to the full City Council for consideration. If approved, San Diego would become the first city in California to require the warnings. The measure comes as law enforcement agencies continue warning the public about scams that pressure victims into using cryptocurrency ATMs to send money. Officials say once cryptocurrency is transferred, recovering the funds can be extremely difficult, making prevention especially important.
