California Limits Crypto ATM Daily Withdrawals to $1K
In response to increasing scams, California lawmakers have proposed a new bill titled “Digital financial asset transaction kiosks” that would limit daily crypto ATM withdrawals to $1,000. In addition, beginning in 2025, the law would cap operators’ fees at either $5 or 15%, whichever is greater. If approved, the measure would take effect on January […]
Nigeria bans ATM cash withdrawals over $225 (₦100,000) weekly
The Central Bank of Nigeria has limited the amount of cash that people and companies may withdraw in order to boost the usage of the eNaira, Nigeria’s Central Bank Digital Currency (CBDC). In a circular sent to financial institutions on December 6, the Central Bank of Nigeria said that individuals and companies would henceforth be […]