Coinme pays $300K fine for violating California crypto ATM laws

Coinme Fined $300K for Breaking California Crypto ATM Rules

Crypto ATM operator Coinme agreed to a $300,000 penalty after California’s Department of Financial Protection and Innovation found the company violated laws.

Coinme Pays $300K In California’s First Crypto Kiosk Fine - Invest In Crypto News

Seattle-based crypto ATM operator Coinme has agreed to pay a $300,000 penalty for violating daily transaction limits for crypto ATMs in California.  California caps crypto ATM transactions at $1,000 per customer per day under a law brought in last year. The company also failed to include required disclosures on customer receipts at its kiosks located in grocery and convenience stores across California, according to California’s Department of Fin…

Coinme pays $300K fine for violating California crypto ATM laws

Coinme faces $300,000 penalty in California’s first crypto kiosk enforcement under the Digital Financial Assets Law for violating transaction limits.