PANews reported on June 26 that according to Cointelegraph, cryptocurrency ATM operator Coinme was fined $300,000 for violating California's Digital Financial Assets Act. This is the first time that thePANews reported on June 26 that according to Cointelegraph, cryptocurrency ATM operator Coinme was fined $300,000 for violating California's Digital Financial Assets Act. This is the first time that the
Coinme fined $300,000 for violating California crypto ATM laws
PANews reported on June 26 that according to Cointelegraph, cryptocurrency ATM operator Coinme was fined $300,000 for violating California's Digital Financial Assets Act. This is the first time that the state regulator has taken enforcement action under the law. The main violations include: single-day transactions exceeding the legal limit of $1,000 and failure to disclose necessary information on receipts. Coinme also needs to pay $51,700 in compensation to a deceived elderly resident.
The California Department of Financial Protection and Innovation (DFPI) said the enforcement action sent a strong compliance signal to the industry. Data showed that in 2024, the amount of cryptocurrency ATM fraud in the United States reached 246 million US dollars (a year-on-year increase of 31%), and nearly two-thirds of the victims were elderly people over 60 years old. The state's 2023 legislation specifically established regulatory requirements for ATM operators to prevent fraud risks.
Market Opportunity
The AI Prophecy Price(ACT)
$0.01375
$0.01375$0.01375
USD
The AI Prophecy (ACT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings
The post How to earn from cloud mining: IeByte’s upgraded auto-cloud mining platform unlocks genuine passive earnings appeared on BitcoinEthereumNews.com. contributor Posted: September 17, 2025 As digital assets continue to reshape global finance, cloud mining has become one of the most effective ways for investors to generate stable passive income. Addressing the growing demand for simplicity, security, and profitability, IeByte has officially upgraded its fully automated cloud mining platform, empowering both beginners and experienced investors to earn Bitcoin, Dogecoin, and other mainstream cryptocurrencies without the need for hardware or technical expertise. Why cloud mining in 2025? Traditional crypto mining requires expensive hardware, high electricity costs, and constant maintenance. In 2025, with blockchain networks becoming more competitive, these barriers have grown even higher. Cloud mining solves this by allowing users to lease professional mining power remotely, eliminating the upfront costs and complexity. IeByte stands at the forefront of this transformation, offering investors a transparent and seamless path to daily earnings. IeByte’s upgraded auto-cloud mining platform With its latest upgrade, IeByte introduces: Full Automation: Mining contracts can be activated in just one click, with all processes handled by IeByte’s servers. Enhanced Security: Bank-grade encryption, cold wallets, and real-time monitoring protect every transaction. Scalable Options: From starter packages to high-level investment contracts, investors can choose the plan that matches their goals. Global Reach: Already trusted by users in over 100 countries. Mining contracts for 2025 IeByte offers a wide range of contracts tailored for every investor level. From entry-level plans with daily returns to premium high-yield packages, the platform ensures maximum accessibility. Contract Type Duration Price Daily Reward Total Earnings (Principal + Profit) Starter Contract 1 Day $200 $6 $200 + $6 + $10 bonus Bronze Basic Contract 2 Days $500 $13.5 $500 + $27 Bronze Basic Contract 3 Days $1,200 $36 $1,200 + $108 Silver Advanced Contract 1 Day $5,000 $175 $5,000 + $175 Silver Advanced Contract 2 Days $8,000 $320 $8,000 + $640 Silver…
Share
BitcoinEthereumNews2025/09/17 23:48
Ripple Buying PayPal? Pundit Breaks Down Numbers & Red Tape
A popular crypto researcher has taken apart one of the wilder rumors currently circulating in XRP circles: that Ripple Labs is positioning itself to acquire PayPal
Share
Coinstats2026/02/25 00:57
Rusya, Telegram ve Kurucusu Pavel Durov Hakkında Soruşturma Başlattı: Toncoin Ne Durumda?
Rusya, mesajlaşma uygulaması Telegram üzerindeki baskısını artırarak şirketin kurucusu Pavel Durov hakkında terörle bağlantılı suçlamalar kapsamında soruşturma
Share
Coinstats2026/02/25 00:42