Crypto Dispensers was ordered to cease operations by Georgia for engaging in virtual currency remittance services without a license.

2026-01-20 04:22:35

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PANews January 20 News, the Georgia State Banking and Finance Department recently announced that Virtual Assets LLC’s virtual currency platform Crypto Dispensers has been issued and finalized a cease and desist order for operating an online virtual currency trading platform within Georgia and engaging in the transmission of funds or “monetary value” (including virtual currencies) without obtaining a local Money Transmitter license or applicable exemption. According to Georgia law O.C.G.A. § 7-1-681 and § 7-1-681(b), any entity transmitting funds or virtual currencies within the United States or abroad must obtain a license or meet exemption conditions in advance; otherwise, it is illegal.

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