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May 28, 2026
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California to Cap Bitcoin ATM Withdrawals at $1K to Fight Scams

California to Cap Bitcoin ATM Withdrawals at $1K to Fight Scams

In a bold move to combat cryptocurrency scams, California authorities have announced plans to limit Bitcoin ATM withdrawals to $1,000. The state hopes this cap will deter fraudsters from exploiting innocent investors, while still allowing legitimate users to access their funds. With this authoritative measure, California sets a precedent for other jurisdictions to follow suit in regulating the ever-evolving world of digital currencies.

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