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ARTICLE · 16 JULY 2025

DFPI Finalizes $300,000 Settlement With Crypto Kiosk Operator For Alleged Digital Asset Law Violations

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On June 25, the California DFPI announced that it had finalized a consent order with a cryptocurrency kiosk operator, alleging violations of the Digital Financial Assets Law (DFAL) and the California...

United StatesTechnology
A.J. Dhaliwal
A.J. Dhaliwal
Mehul Madia
Mehul Madia
Maxwell Earp-Thomas
Maxwell Earp-Thomas
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On June 25, the California DFPI announced that it had finalized a consent order with a cryptocurrency kiosk operator, alleging violations of the Digital Financial Assets Law (DFAL) and the California Consumer Financial Protection Law (CCFPL). The action marks the DFPI's first enforcement under the DFAL, which took effect on January 1, 2024.

The DFPI found that the operator repeatedly processed transactions exceeding the DFAL's $1,000 per-day limit for individual customers and failed to print the required exchange-pricing information on customer receipts. The agency further alleged that these practices amounted to unlawful, unfair, or deceptive conduct under the CCFPL.

Specifically, the consent order imposes the following obligations:

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