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California to limit Bitcoin ATM transactions to $1,000 per day to combat fraud

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California is taking steps to crack down on scams exploiting Bitcoin ATMs to defraud victims out of thousands of dollars. Starting in January, cryptocurrency ATM transactions will be limited to $1,000 per person per day in California under a new law signed by Gov. Gavin Newsom, according to a report in the Los Angeles Times. […]

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