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Eye on Scams: Louisiana Law protects crypto kiosk users
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 ... (full story)
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