A proposed bill in Kentucky, HB 380, aimed at regulating crypto ATMs, has sparked controversy due to a new provision. The provision mandates hardware wallet providers to assist users in resetting access credentials, including mnemonic phrases. Industry experts argue this conflicts with the design of non-custodial wallets and could undermine self-custody mechanisms. The bill has already passed the House and is now under Senate review, where the contentious provision may still be amended or removed.
Kentucky Crypto ATM Bill Faces Controversy Over Wallet Provision
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