Connecticut Banking Regulator Fines Crypto ATM Operator Bitcoin of America
05/23 18:55
Connecticut's banking regulator has fined Bitcoin of America, a cryptocurrency automated teller machine (ATM) and kiosk operator, $86,000 in restitution and ordered the firm to cease operations in the state. The regulator alleges that four consumers in Connecticut were scammed out of tens of thousands of dollars through the use of these kiosks.
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