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ARTICLE · 16 OCTOBER 2026

Washington DFI Reaches $2.5 Million Settlement With Crypto Kiosk Operator

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On October 8, 2026, the Washington State Department of Financial Institutions (DFI) announced a multistate consent order with a money transmitter and cryptocurrency kiosk operator...

United StatesTechnology
A.J. Dhaliwal
A.J. Dhaliwal
Mehul Madia
Mehul Madia
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On October 8, 2026, the Washington State Department of Financial Institutions (DFI) announced a multistate consent order with a money transmitter and cryptocurrency kiosk operator, resolving allegations of violations of Washington’s Uniform Money Services Act and deficiencies identified during a multistate examination. The settlement requires the company to cease its cryptocurrency kiosk operations in participating jurisdictions, pay $2.5 million in penalties and costs, and implement additional compliance measures.

The settlement follows a multistate examination covering March 2023 through March 2025 and a November 2025 Washington DFI Statement of Charges. According to regulators, the company allegedly:

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