According to Cryptopolitan, FBI complaint data shows that about 1,200 people in Texas lost a total of $56.8 million last year due to cryptocurrency kiosk scams, ranking first in the U.S. and about twice that of Florida. Texas currently has no regulatory rules for crypto ATMs, and prosecutors and sheriffs are pushing the state legislature to regulate or directly ban them. The Texas Financial Crime Intelligence Center says victims typically only have 36 to 48 hours to recover funds. The city of San Antonio has required since July 1 that all 193 kiosks in the city display warning signs in both English and Spanish, and operators who violate the rule face fines of $100 to $500 per machine per day.

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