Several operators of cryptocurrency kiosks found in public places like convenience stores and shopping malls have been ordered by California regulators to pay hundreds of thousands in fines.

On Thursday, the California Department of Financial Protection and Innovation announced multiple crypto kiosk operators were fined for overcharging California consumers.

Among the companies ordered to pay is a Nevada-based company called LSGT Services, LLC, better known as Coinhub, whose "Bitcoin ATMs" can be found across the country. The Bitcoin ATMs allow users to purchase and sell digital assets with real cash.

The transactions are often instant and non-refundable, and many kiosk users tend to be older customers.

DFPI officials said Coinhub specifically charged fees and markups that were "well a

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