July 15 news, according to a recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP) and the Miami Herald, cryptocurrency ATMs designed to facilitate the conversion of cash into cryptocurrency are increasingly being exploited by scammers. The OCCRP report notes that many of these fraudulent activities are linked to international criminal networks from countries with weak regulatory frameworks. One of the major issues contributing to the increase in crypto ATM scams is inconsistent regulatory environments between different states. While federal law requires crypto ATM operators to register with the Treasury Department's Financial Crimes Enforcement Network (FinCEN) and comply with anti-money laundering (AML) standards, state-level regulations vary widely. Some states have strict requirements, while others, such as Illinois, do not classify cryptocurrencies as currencies, limiting regulatory oversight.