{"id":783802,"date":"2026-05-09T07:50:35","date_gmt":"2026-05-09T07:50:35","guid":{"rendered":"https:\/\/www.europesays.com\/us\/783802\/"},"modified":"2026-05-09T07:50:35","modified_gmt":"2026-05-09T07:50:35","slug":"san-antonio-city-council-approves-warning-signs-on-cryptocurrency-kiosks","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/783802\/","title":{"rendered":"San Antonio City Council approves warning signs on cryptocurrency kiosks"},"content":{"rendered":"

\"\"San Antonio City Council moved to make sure residents are aware of cryptocurrency scams. Credit: UnSplash \/ Andr\u00e9 Fran\u00e7ois McKenzie<\/p>\n

The City of San Antonio starting to address the risks of cryptocurrency \u2014\u00a0or at least warn residents about them.<\/p>\n

City Council on Thursday unanimously approved an ordinance requiring businesses operating cryptocurrency kiosks \u2014 Bitcoin teller machines, for example \u2014 to post signage warning users of common cryptocurrency scams.<\/p>\n

District 7 Councilwoman Marina Alderete Gavito called the new requirement a \u201csimple, yet impactful step\u201d to prevent residents from irreversibly losing thousands of dollars. <\/p>\n

The ordinance was passed in the midst of a sharp increase in cryptocurrency scams, according to District 5 Councilwoman Teri Castillo.\u00a0Callers claiming to be law enforcement or government agencies have been known to direct victims to transfer cryptocurrency, and the scams target seniors and vulnerable residents.<\/p>\n

\u201cBy requiring warning signs at these kiosks, we are giving people a critical moment to pause, recognize the warning signs of fraud and avoid devastating financial losses,\u201d Castillo said in an emailed statement.<\/p>\n

Castillo, Alderete Gavito and District 10 Councilman Marc Whyte, requested a special session on cryptocurrency fraud prevention on Feb. 25. That meeting culminated in the addition of the signage.<\/p>\n

The ordinance goes into effect July 1.<\/p>\n

San Antonio Police Department (SAPD) will develop the signs and work with Code Enforcement to ensure compliance. Businesses that don\u2019t comply may face citations between $100-$500.<\/p>\n

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