California is planning to limit the amount of cash that can be withdrawn from cryptocurrency ATMs in an effort to reduce scams. The state legislature has introduced a bill called the "Digital Financial Asset Transaction Kiosks" bill, which aims to cap individual withdrawals at $1,000. The legislators' main goal is to protect investors from scams and potential violence associated with these ATMs. Currently, there are over 3,200 crypto ATMs operating in the US, with many allowing daily transactions of up to $50,000, making them attractive for illicit activities. The decision to impose the withdrawal limit was made after an investigation revealed that many crypto scams were being carried out using these ATMs. The bill also addresses the charges imposed by crypto ATM operators, limiting them to a maximum of $5 or 15% of the transaction amount. The legislation is expected to be ratified by January 2024, with a transition period for ATM operators to comply by 2025. Operators will also be required to obtain a license and provide transaction receipts in English, detailing various information about the transaction.
Залишайтеся на зв'язку
Підпишіться на нашу розсилку та отримуйте інформацію про вихід нових статей, інформацію про ексклюзивні знижки та інше
Або підпишіться на наш Telegram, щоб завжди бути в курсі наших новин.