Consumers in Georgia will face new restrictions on cryptocurrency ATM use from July 1, including daily transaction limits and an 18% maximum fee cap, as part of a wider financial protection law aimed at reducing fraud and tightening oversight of digital asset services used by residents.
New Limits On Crypto ATM Transactions
Under the new rules, cryptocurrency ATM operators will be required to impose strict daily transaction caps for users. New customers will be limited to $2,500 per day, while existing customers will be allowed up to $10,000 in daily transactions.
The limits are intended to reduce exposure to high-value fraud cases, which have been linked to increasing use of crypto kiosks across the state. Operators must also display clear warnings stating that cryptocurrency transactions are irreversible and that funds lost to fraud may not be recoverable.
18% Fee Cap Introduced
The legislation introduces a maximum fee cap of 18% on cryptocurrency ATM transactions. This cap applies to all charges taken by kiosk operators when customers buy or transfer digital assets.
Operators are required to clearly disclose all fees before completion of a transaction, ensuring customers are aware of the total cost in advance. The fee limit is designed to bring greater consistency to pricing across crypto ATM providers operating in Georgia.
Fraud Prevention Measures Strengthened
The law also introduces new consumer protection requirements for crypto ATM operators. Machines must display prominent warnings about fraud risks and the irreversible nature of cryptocurrency transactions.
In certain cases where scams are reported quickly, new users may be eligible for refunds if the issue is reported within 72 hours, although this applies only under specific conditions set out in the law.
Banks Given New Powers To Intervene
Alongside crypto ATM rules, the legislation expands the ability of banks and credit unions to intervene in suspected fraud cases. Financial institutions may temporarily delay transactions when there is reasonable suspicion of financial exploitation.
Accounts can be placed under restriction for up to 30 business days while investigations are carried out, particularly where vulnerable adults are involved.
Wider Anti-Fraud Framework
The measures are part of a broader effort in Georgia to reduce financial fraud linked to digital payments and cryptocurrency services. Officials say the combination of transaction limits, fee caps and expanded banking intervention powers is intended to strengthen consumer protections and reduce financial losses associated with scams.
