Following an investigation, the California Department of Financial Protection and Innovation (DFPI) determined that Coinme violated the Digital Financial Assets Law (DFAL) and the California Consumer Financial Protection Law (CCFPL) by permitting customers to transact over the legal $1,000 daily limit and omitting the required exchange name on transaction receipts. As a result, Coinme must pay $51,700 in restitution to identified California consumers and a $300,000 administrative penalty. Of that penalty, $51,700 is credited as restitution, leaving $248,300 due in three installments: $48,300 within 30 days, $100,000 within 60 days, and another $100,000 within 90 days of the order’s effective date. Coinme must also implement policy changes, submit compliance reports every 60 days for one year, and has agreed to cease the cited violations. It waived hearing rights and accepted the terms without admitting liability.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。