Crypto Dispensers, a virtual currency platform owned by Virtual Assets LLC, has been ordered to cease operations by the Georgia Bureau of Banking and Financial Services. The platform was found to be operating a virtual currency remittance business without the necessary Money Transmitter license or exemption, as required by Georgia law. The cease and desist order highlights the legal requirement for entities transferring funds or virtual currencies within or outside the United States to obtain proper licensing under OCGA § 7-1-681 and § 7-1-681(b).
Crypto Dispensers Ordered to Halt Operations in Georgia
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
