According to the law of California, which was approved in September 2024, cryptomats should not accept or issue more than $ 1,000 per day. The Department of Financial Protection and Innovation of California (DFPI) said that in addition to violation of this requirement, CoinMe did not include the disclosure of information into customer checks, as required by the law.
In addition to the fine, Coinme will pay $ 51,700 as compensation for damage to an elderly resident of California, who claims to be deceived by crypto -mesh. The company also undertakes to take measures to eliminate these violations and prevent their appearance in the future. These forced actions were first taken by the Department in the framework of the new law.
“Fraudsters are increasingly using cryptomats to deceive people, especially the elderly. Their cunning is convinced to buy digital assets and transfer scammers to the crypto -adordus. California authorities will continue to monitor companies working with digital assets to protect local users, ”said DFPI Commissioner Halil Mohseni.
The general director and co -founder of Coinme, Neil Bergquist, said that the company shares DFPI’s aspirations for protecting cryptocurrency owners. The company will continue to expand the business in California and has already taken measures to comply with the limit on transactions in cryptoomats.
A few months ago, the Senate Severnaya Dakota also adopted a bill establishing a similar daily limit to withdraw cash in cryptomats. Cryptomat operators are required to warn users about possible fraud, monitor suspicious transactions and send reports to the local authorities about them.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
