Washington Regulators Order Crypto ATM Startup Coinme to Cease Operations Over $8M Misappropriation Claims
Washington state regulators issued a cease-and-desist order against cryptocurrency startup Coinme for allegedly misclassifying over $8 million in customer funds as income and violating state financial laws, prompting potential license revocation and fines. Coinme later reached an interim agreement to resume operations while the matter is resolved.
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