Coinme fined 300,000 dollars for violating California cryptocurrency ATM regulations
Jinse Finance report, according to Cointelegraph, Coinme, a cryptocurrency ATM operator based in Seattle, has agreed to pay a $300,000 fine for violating California's daily transaction limit for cryptocurrency ATMs. According to the California Department of Financial Protection and Innovation (DFPI), California law sets a daily transaction limit of $1,000 per customer for cryptocurrency ATMs. Coinme not only violated this regulation, but also failed to include necessary disclosure information on the customer receipts from its self-service terminals located in grocery stores and convenience stores throughout California. According to the settlement agreement, Coinme agreed to pay the fine, including $51,700 in compensation to a California senior resident who claimed to have been scammed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WLD Price Prediction: Worldcoin Eyes $12 as Cloudflare Partnership Advances
Last week, retail investors made a "record-breaking" dip buy of US chip leveraged ETFs, but this week they plummeted.
Last week, retail investors poured $6.1 billion into 3x leveraged chip ETFs, but suffered a 20.5% single-day plunge this Thursday, almost perfectly coinciding with the start of the rapid downturn. The cumulative decline in October has exceeded 43%, far surpassing the 15.9% loss of non-leveraged products during the same period. The root cause lies in the market’s skepticism toward AI investment returns. The most significant uncertainty is whether aggressive spending by tech giants will actually deliver on profit expectations, while the use of leverage has exponentially magnified the cost of this misjudgment.
Africa’s payment giant backed by SoftBank is rushing to list in the US! Opay (OPAY.US) plans to raise $336 million, with its valuation possibly exceeding $4 billion
The payment platform Opay Ltd., which focuses on the Nigerian market, plans to raise up to 336 million dollars through an initial public offering (IPO).
BMT surges past $0.039, briefly up over 40%
Crypto prices
More
