Coinhub, a Bitcoin ATM operator, has been fined $675,000 by California's Department of Financial Protection and Innovation (DFPI) for charging excessive fees to customers. The penalty includes $105,000 earmarked for reimbursing affected consumers. Coinhub is also mandated to update its compliance standards and register as a money transmitter. This marks the fourth regulatory action against crypto ATM operators in California this year.
Coinhub Fined $675,000 by California Regulator for Overcharging Fees
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