The Iowa Supreme Court favored Bitcoin Depot, stating that funds totaling 28,000 USD seized during scams must be returned to the ATM operator, not the scam victims.
Victims had transferred 14,000 USD worth of Bitcoin via an ATM but failed to convince the court that they were coerced, leading to a reversal of the lower court’s decision.
Bitcoin Depot sees this ruling as an essential move towards establishing clearer legal standards in cryptocurrency transactions, emphasizing the need for compliance and transparency.
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