California is taking decisive action to combat what it perceives as a growing threat of crypto scams. According to a new bill submitted to the State Legislative arm, the government is pushing for a cap on the amount of cash that can be withdrawn from crypto-powered automated teller machines (ATMs). Dubbed the "Digital Financial Asset Transaction Kiosks" bill, the state legislature aims to put the maximum withdrawal amount at $1,000 per individual. ...
California Looks to Cap Crypto ATM Withdrawals to $1,000 Daily to Reduce Scams
Crypto News - 24 Oct 2023 00:45
California is taking decisive action to combat what it perceives as a growing threat of crypto scams. According to a new bill submitted to the State Legislative arm, the government is pushing for a cap on the amount of cash that can be withdrawn from crypto-powered automated teller machines (ATMs). Dubbed the "Digital Financial Asset Transaction Kiosks" bill, the state legislature aims to put the maximum withdrawal amount at $1,000 per individual. ...
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