Core Insights - Maine regulators have reached a $1.9 million settlement with Bitcoin Depot, resolving a two-year investigation into scam losses related to the company's cryptocurrency kiosks and returning funds to defrauded consumers [1][2] Group 1: Settlement and Regulatory Actions - The consent agreement requires Bitcoin Depot to compensate Maine residents for fraudulent transactions conducted through its machines, and the company has been granted a money transmitter license to operate legally in the state [2] - Governor Janet Mills expressed gratitude for the agreement, emphasizing the importance of protecting residents from sophisticated fraud schemes [3] Group 2: Industry Context and Trends - In 2024, Americans reported $246 million in losses linked to crypto ATMs, marking a 99% increase from the previous year, with 43% of losses affecting victims over age 60 [4] - Crypto kiosks are under increased scrutiny as lawmakers and regulators seek to impose restrictions, with critics highlighting the risks posed to consumers, especially older adults, due to irreversible transactions and opaque fees [5] - Federal and state-level actions include proposed legislation to cap transactions and mandate refunds for scam victims, as well as emergency legislation in Maine that limits daily transaction amounts and caps fees [6]