Louisiana is cracking down on cryptocurrency kiosk scams starting August 1st. Cryptocurrency is digital currency based on blockchain technology, and it is not reliant on a central system, like banks or the government. Act 369 will do the following to protect crypto users: • Provides a maximum daily transaction limit of $3,000 per person at a kiosk. • Requires a 72 hour hold with the ability to cancel a deposit. • Requires the posting of a scam warning that no government official will request that cash be deposited into a Crypto ATM. • Operators must use blockchain analytics software and establish an anti-fraud ... (full story)