Security

Wood County, Wisconsin Sheriff calls for crypto ATM regulation

Photo: Alexander - stock.adobe.com

May 12, 2025

The Wood County, Wisconsin Sherrif's Office is recommending regulations on cryptocurrency ATMs due to an increase in scams. In particular, Lieutenant Scott Goldberg said there had been a big increase in calls regarding crypto ATMs, according to a report by WAOW.

In many cases, there's a warrant to obtain cash from the ATM due to an alleged scam, and this can cause issues as the cash sits in evidence during litigation and the companies want the cash back.

"They're trying to push back on us, but we want to make it very clear that we are going to continue to do these investigations. We are not going to be bullied or pushed around by a company just because they have a lot of money," Goldberg said. "We want to work with these companies. We want to come up with a long-term solution because we don't want to see the victims."

In particular, Goldberg said he wanted to see daily deposit limits and hold processes for larger transactions. There have been similar pushes for crypto ATM regulations on the federal level.