🔥 Hawaii To Ban Cash Deposits at Crypto ATMs From October.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief From October 1 it becomes an unlawful practice in Hawaii to operate a kiosk that accepts U.S. currency in exchange for a digital asset. Kiosks may still hand out cash for crypto, or swap one digital asset for another. Investigations by the attorneys general of Washington, DC and Iowa found more than 93% of transactions at the kiosks they examined were scams.
Hawaii will make it unlawful to run a crypto kiosk that takes cash from customers starting October 1, under a measure Governor Josh Green signed on July 9 as Act 224. The law adds a section to the state's consumer protection statute making it an unlawful practice for an operator to own, operate or manage a kiosk in Hawaii that accepts United States currency from a customer in exchange for a digital financial asset. Each prohibited transaction counts as a separate offense. What it does not do is switch the machines off.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#SECryptoRegulation #AICryptoIntegration #CryptoWallet
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief From October 1 it becomes an unlawful practice in Hawaii to operate a kiosk that accepts U.S. currency in exchange for a digital asset. Kiosks may still hand out cash for crypto, or swap one digital asset for another. Investigations by the attorneys general of Washington, DC and Iowa found more than 93% of transactions at the kiosks they examined were scams.
Hawaii will make it unlawful to run a crypto kiosk that takes cash from customers starting October 1, under a measure Governor Josh Green signed on July 9 as Act 224. The law adds a section to the state's consumer protection statute making it an unlawful practice for an operator to own, operate or manage a kiosk in Hawaii that accepts United States currency from a customer in exchange for a digital financial asset. Each prohibited transaction counts as a separate offense. What it does not do is switch the machines off.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#SECryptoRegulation #AICryptoIntegration #CryptoWallet