According to Cointelegraph, Seattle-based cryptocurrency ATM operator Coinme has agreed to pay a $300,000 fine for violating the California cryptocurrency ATM daily transaction limit. California law caps cryptocurrency ATMs at $1,000 per customer per day, according to the California Department of Financial Protection and Innovation (DFPI). Not only did Coinme violate this rule, it also failed to include the necessary disclosures on customer receipts at its self-service end points across California grocery and convenience stores.
Under the settlement, Coinme agreed to pay fines, including $51,700 in restitution to an elderly California resident who claimed to have been defrauded.
Coinme fined $300,000 for violating California cryptocurrency ATM regulations
2025-06-26 05:40:56
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
三位 OpenAI 研究员加入 MetaNext article：
Three OpenAI researchers join Meta
