Prohibits cryptocurrency automatic teller machines.

This bill prohibits businesses in New Jersey from owning, operating, or selling cryptocurrency ATMs - machines that let users buy, sell, or exchange digital currency using cash, debit, or credit cards. It defines cryptocurrency as digital money operating without a central authority (like a bank) and sets fines of up to $10,000 for first violations and $20,000 for repeat offenses. The law targets a surge in fraud, as federal data shows cryptocurrency ATM scams caused over $65 million in losses in the first half of 2024 alone, with older adults particularly vulnerable. The bill aims to protect consumers by banning these machines, which have been linked to impersonation scams by fake government or tech companies.