Source: WFLA News
“For months, Better Call Behnken has investigated criminals using Bitcoin ATMs to trick elderly Floridians out of money. Now, new state legislation aimed at protecting consumers has been passed, and one of the largest Bitcoin ATM operators in North America has filed for bankruptcy. Florida lawmakers recently approved a bill designed to curb fraud involving cryptocurrency kiosks. The law is expected to take effect in January and would limit deposits for new users to $2,000 per day, with higher thresholds of $10,000 per day for existing customers. Lawmakers say the goal is to slow the rapid movement of cash in fraudulent schemes. Now, Bitcoin Depot, the largest Bitcoin ATM operator in North America, has filed for Chapter 11 bankruptcy protection and says it plans to wind down its network of more than 9,000 machines.” 905/29/26)