Louisiana's Bitcoin ATM Law Recovers $200,000 from Scammers
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2026- Significant Fund Recovery: Louisiana's new legislation has helped victims recover approximately $200,000 within months of implementation, demonstrating the effectiveness of legal intervention against crypto scams and enhancing public confidence in protective measures.
- Effective Transaction Limits: The law imposes a daily transaction cap of $3,000 per user, significantly reducing the risk of scammers draining victims' funds in a single visit, thereby improving the detectability of fraudulent activities and safeguarding the elderly population's assets.
- Cooling-Off Period Mechanism: By mandating a 72-hour waiting and cancellation window for Bitcoin ATM transactions, the law allows victims to retract transactions upon realizing they are being scammed, increasing the likelihood of law enforcement intervention and effectively countering rapid transfer fraud schemes.
- Enhanced Regulatory Measures: All crypto ATMs are now required to display clear fraud warnings, and operators must be licensed and utilize blockchain analytics tools to monitor suspicious activities, which not only increases industry transparency but also provides a regulatory model for other states to consider.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
