Crypto Kiosk Scams Cost Texans $57M as Lawmakers Weigh a Ban

[BluebloodCXVI]

Texas losing 57 million in crypto scams is rough, but that's scammers using romance traps and fake investments, not crypto itself. Don't ban it. Regulate smarter and educate people to spot these scams. Go after the scammers, not the tool.

Exactly, banning the crypto ATM’s only addresses one part of a bigger problem.

The same people who fall for this crypto ATM scams can also still lose money through other forms like gift cards, bank transfers, fake investments or even traditional financial scams.
What this means is that the vulnerability of the people getting scammed comes from the scammer’s strategy and not the payment methods.

So they can ban crypto ATM’s all they like, it doesn’t still change the fact that there will always be scammers and there’s always gonna be people that will fall for those tactics unless they get sensitized and are taught to quickly recognize the pattern of these depraved scammers.

[Lida93]

Indiana, Tennessee and Minnesota have banned bitcoin and crypto ATM in their state, Taxas may be next.

https://decrypt.co/374778/crypto-kiosk-scams-cost-texans-57m-as-lawmakers-weigh-a-ban

But why people are so vulnerable to romance scam? You have not seen someone before and you send the person money. Is that not foolishness while the person and the coin can not be traced?

Yea it sounds foolish anyway even though it's really not that way if everything has to be analysed before it got to that level of the victim having to send funds. This romance scam as I know is a long cun scam that is rampant online and the scammers are so sophisticated and patient with their victims by making sure to create a long term relationship, building trust with their victims in a manner that it's really difficult for even the brightest minds to discover that they have being relating with a scammer, not until they have being scammed of their funds and blocked after sending the funds the scammer requested base what their discussions has being over a long time.

It's regrettable that the crypto ATM providers has to take the shot for this menace by having to deal with these regulatory policies and laws just to still stay in business.

[Stepstowealth]

But why people are so vulnerable to romance scam?

The answer is very obvious, people are vulnerable to romance scams because they are lacking emotionally and these scammers find a way to fill that void.

You have not seen someone before and you send the person money. Is that not foolishness while the person and the coin can not be traced?

Love has a way of making people act stupid, and this is one clear example of it. Love can switch off your brain from thinking, this is why these victims never think clearly until maybe somebody tells them the obvious. There are others who know that the people at the other end are scammers but because these people are providing them with emotional support they are willing to pay for it and that's exactly what they're doing.