Wu Blockchain has learned that the California Department of Financial Protection and Innovation (DFPI) officially announced that crypto ATM operator Hermes Bitcoin has been ordered to completely shut down its 42 cryptocurrency ATMs operating in Southern California by May 20 due to charging customers excessive fees and violating anti-money laundering regulations. The settlement agreement also explicitly prohibits the operator from engaging in any digital asset business in California in the future. DFPI stated that it will continue to strictly crack down on crypto service providers that defraud consumers and disregard state regulations, ensuring compliance in the digital asset market. https://(wublock123.com)/news/california-regulator-orders-hermes-bitcoin-crypto-atm-shutdown-61541