Maine regulators have reached a $1.9 million settlement with Bitcoin Depot to compensate consumers defrauded through the company's crypto ATMs amid a rising wave of scams. The agreement grants Bitcoin Depot a money transmitter license conditional on compliance with state consumer protections. This action aligns with increasing regulatory scrutiny across the U.S. and internationally, aimed at protecting vulnerable users from fraud involving crypto kiosks.
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Maine Settles $1.9M with Bitcoin Depot Over Crypto ATM Scam Losses, Sets Regulatory Precedent
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