The California Department of Financial Protection and Innovation (DFPI) ordered bitcoin and cryptocurrency ATM operator CoinFlip on Wednesday (4) to pay more than US$ 4,8 million (or R$ 26 million at an exchange rate of R$ 5,47 to the dollar) to reimburse victims of scams in the state.
In addition to fully compensating consumers harmed by financial fraud, the company will have to pay more than US$ 350 thousand to the regulator for illegally charging excessive fees.
In addition to fully compensating consumers harmed by financial fraud, the company will have to pay more than US$ 350 thousand to the regulator for illegally charging excessive fees.
