Massachusetts officials struggle to investigate a $247 million cryptocurrency ATM fraud scheme, deeming it virtually impossible to unravel.

Addressing Online Scams

The effectiveness of licensing and transaction caps in preventing online scams is currently under evaluation.

Focus on Regulatory Measures

Regulatory interventions, specifically licensing requirements and limits on transaction volumes, are being examined for their potential to reduce fraudulent activities.

Future Implications

The long-term impact of these measures on curbing scams remains to be seen, requiring ongoing assessment and adjustments as needed.