
House Advances Crypto Currency Measure
Clip: Season 4 Episode 342 | 2m 45sVideo has Closed Captions
House passes bill to regulate crypot currency kiosks.
As the General Assembly wrapped its 47th day of the 60 day session Friday, Kentucky's House advanced a measure to regulate crypto currency kiosks. Our June Leffler has more.
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Kentucky Edition is a local public television program presented by KET

House Advances Crypto Currency Measure
Clip: Season 4 Episode 342 | 2m 45sVideo has Closed Captions
As the General Assembly wrapped its 47th day of the 60 day session Friday, Kentucky's House advanced a measure to regulate crypto currency kiosks. Our June Leffler has more.
Problems playing video? | Closed Captioning Feedback
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Learn Moreabout PBS online sponsorshipThe Kentucky General Assembly wrapped up its 47th day of the 60 day session today.
Kentucky's house advanced a measure to regulate cryptocurrency kiosks.
As our June LaFleur reports, it's an effort to keep Kentuckians from being ripped off by scamming con artists.
The FBI and Consumer Protection agencies say crypto machines are a scammer's best friend.
Katie spoke with this Indiana woman last summer who lost nearly $400,000.
My handler knew where the nearest crypto machine was to my house two blocks away.
He instructed me where to go and what to do.
She now works with AARP to educate seniors on how to avoid scams.
The same group advocated for new protections in Kentucky.
Elderly people were being called and asked to go and put cash into these.
If you don't go down immediately, you've got a warrant that's coming to your house.
Or if you don't do this right now, your accounts are going to be seized.
It's all these.
Fraudulent people out there that are preying on our elderly and even our middle class.
Just this week, Indiana's governor signed a bill banning these machines in his state.
A Kentucky plan doesn't go that far.
Under House Bill 380, Kentucky's finance cabinet would monitor these machines like it does traditional cash ATMs and Bitcoin buyers would find new disclosures and guardrails at the kiosk.
Right now, they can put as much money in them as they want 50 $100,000.
What we've done is we put it out a $2,000 a day maximum.
The House approved House Bill 380 unanimously.
The Senate passed its own version earlier this session.
Both now need approval in the opposite chamber.
Another measure with bipartisan support.
Any hospital could soon form their own police department on their medical campus.
Health care workers today are increasingly, find themselves in in dangerous work environment while they're only 10% of our workforce.
They suffer 80% of the workplace violence, injuries.
Hospitals today functions like small cities.
Large campuses operate around the clock, employ thousands of people, and serve thousands more patients and visitors every day.
In situations where seconds matter.
Having trained law enforcement already on site could make the difference in protecting lives.
House Bill 248 passed in a 84 to 4 vote.
Three Republicans and one Democrat voted against the bill.
It now heads to the Senate.
For Kentucky edition, I'm Jen Leffler.
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