CT Dept. of Banking suspends Bitcoin Depot’s license over scam losses, fee violations

March 20, 2026

State regulators have suspended a bitcoin ATM operator’s license to transmit money in the state and ordered the company’s cryptocurrency kiosks to shut down, citing a pattern of alleged consumer scam losses, illegal fees and deceptive business practices. Banking Commissioner Jorge Perez issued the emergency order against Bitcoin Depot on March 9, saying that public […]

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