A company that operates ATM-like Bitcoin kiosks in Maine will pay the state $1.9 million in a settlement intended to reclaim money that scammers took from Mainers through the kiosks.
The Maine Bureau of Consumer Credit Protection announced the consent agreement with Bitcoin Depot on Monday.
Mainers who were scammed at a Bitcoin kiosk may be eligible to claim some of the settlement under a process laid out by the bureau.
The consent agreement also requires Bitcoin Depot to fully comply with Maine’s consumer protection laws.
Those laws, including the 2024 Maine Money Transmission Modernization Act, and the 2025 Act to Regulate Virtual Currency Kiosks, which limits daily transmission amounts, caps fees and exchange rates, and provides redress for consumers, were instrumental in the settlement, bureau Superintendent Linda Conti said in a statement.
Bitcoin Depot, which bills itself the largest crypto kiosk operator in the world, supported some of the provisions in the 2025 bill but warned that the 3 percent fee cap would be the lowest in the country and cause operators to leave the state.
Reuters reported in 2022 that there were as many as 50,000 cryptocurrency kiosks in the U.S.
Consumer protection advocates have warned of scammers taking advantage of the kiosks that let a person walk up to them to insert cash or a debit card to eventually purchase cryptocurrency.
A number of Democrat- and Republican-led states joined Maine in passing kiosk regulations in 2025.
