Network reports, Cointelegraph reports that Seattle-based cryptocurrency ATM operator Coinme has agreed to pay a $300,000 fine for violating California cryptocurrency ATM daily trading limits. According to the California Department of Financial Protection and Innovation (DFPI), California law sets a daily transaction limit of $1,000 per customer at cryptocurrency ATMs. Not only did Coinme violate that rule, it also failed to include necessary disclosures on customer receipts at its self-service terminals located across California's grocery stores and convenience stores. Under the settlement, Coinme agreed to pay fines, which included $51,700 in damages to an elderly California resident who claimed to have been defrauded.