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No government agency will instruct you to move money using #CryptoATMs#, gift cards, or couriers. Scammers create a sense of urgency or fear so you will quickly transfer cash without pausing to confirm the information provided. Take your time with financial decisions. Read more tips at:
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#Crypto# ATMs might look familiar, but they operate very differently than typical ATMs. Cash deposited into a #CryptoATM is# converted into various forms of cryptocurrency, and the transfer is often immediate and irreversible. They also allow criminals to conceal their identities. Do your research before using a crypto #ATM#. Start here:
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Crypto exchanges, DeFi platforms, and crypto ATMs won't hide from the law anymore. The Clarity Act closes the DINO loophole and brings every corner of the digital asset market inside the Bank Secrecy Act and sanctions framework.
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If someone instructs you to use a #CryptoATM#, gift cards, or an unfamiliar app to move money, pause before you pay. These unusual money transfer methods are major red flags for #fraud#. Learn more at:
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Hawaii To Ban Cash Deposits at Crypto ATMs From October
THE BLOCK: California Attorney General Rob Bonta is raising alarm over an increase in crypto scams, urging the state's residents to be vigilant when it comes to crypto ATMs, celebrity endorsements, and AI. "I strongly urge all Californians to protect themselves and their loved ones: stay informed, guard yourself with knowledge, never use a Cryptocurrency ATM, and report it if you have been scammed," Bonta said.
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LATEST: 🇺🇸 Hawaii will become the fourth US state to fully ban crypto ATMs starting Oct. 1, joining Minnesota, Tennessee, and Indiana.
No government agency, legitimate financial institution, or reputable company will instruct you to move money using crypto ATMs, gift cards, or couriers. Talk with a trusted family member, friend, #FinancialProfessional#, or law enforcement officer before completing an unusual transaction. Learn more steps you can take to protect yourself at #WorldInvestorWeek# #ScamAlert#
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Schwab Crypto™ is on the way. Schwab Crypto accounts (offered by Charles Schwab Premier Bank, SSB) will provide direct access to Bitcoin and Ethereum trading, in-depth digital assets education, and more. Read the full press release.
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