According to Cointelegraph, cryptocurrency ATM operator Coinme has been fined $300000 for violating California's Digital Financial Assets Act, marking the first enforcement action taken by state regulators under the law. The main violations include: daily transactions exceeding the legal limit of $1000, and failure to disclose necessary information on receipts. Coinme also needs to compensate a deceived elderly resident with $51700. The California Department of Financial Protection and Innovation (DFPI) stated that this enforcement action sends a strong compliance signal to the industry. Data shows that in 2024, the amount involved in cryptocurrency ATM fraud in the United States reached 246 million US dollars (a year-on-year increase of 31%), with nearly two-thirds of the victims being elderly people aged 60 and above. The state will legislate in 2023 specifically to establish regulatory requirements for ATM operators to prevent fraud risks.