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Wire · regulatory

California Orders Crypto ATM Operator to Pay More Than $5.1 Million

12 November 2026 · By · Wire by Fusion42

Published

12 November 2026

Topic

regulatory

◆ Sectors

Fintech

◆ Geography

United States

◆ Source

Read at sheppard.com →

◆ Verified

Fusion42 · 13 November 2026 · Fusion42 review

California's Department of Financial Protection and Innovation ordered a crypto ATM operator to pay over $5.1 million in restitution and disgorgement for violations including exceeding transaction limits, charging excessive fees, failing to provide required disclosures, issuing incomplete receipts, and anti-money laundering control deficiencies under state and federal laws.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ ◆ The Wire takeaway

You face a tighter regulatory field in crypto ATMs with clear scrutiny on fees, disclosures, and anti-money laundering controls. Fix your compliance now or lose access to key state markets like California.

◆ Coverage

1 source · 12 Nov 2026

◆ Related on Wire

◆ Topics

Fintechcrypto-regulationconsumer-protectioncomplianceamlfinancial-enforcement