🚀 California's crypto ATM crackdown: New bill proposes $1,0

🚀 California's crypto ATM crackdown: New bill proposes $1,000 daily withdrawal cap and fee limits! 😱 Why? Legislators found markups as high as 33% and withdrawal limits up to $50k at some ATMs. 😵- Bill aims to protect consumers from scams 💪
- If approved, law takes effect on Jan. 1, 2024 📅
- Operators' fees limited to $5 or 15% (whichever is higher) starting 2025 💸
- Digital financial asset businesses must obtain a license by July 2025 📜
But wait! Crypto ATM businesses argue the bill will hurt small operators and fail to address the core issue of fraud. 🤔 Stay tuned for more updates! 🍿

.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}🚀 California's crypto ATM crackdown: New bill proposes $1,000 daily withdrawal cap and fee limits! 😱 Why? Legislators found markups as high as 33% and withdrawal limits up to $50k at some ATMs. 😵

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🚀 California's crypto ATM crackdown: New bill proposes $1,000 daily withdrawal cap and fee limits! 😱 Why? Legislators found markups as high as 33% and withdrawal limits up to $50k at some ATMs. 😵