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Action requiredCalifornia DFPICANov 12, 2026

California DFPI CoinFlip Enforcement Action

DFPI ordered CoinFlip to pay $4. 8 million to scam victims and fines for excessive fees.

DFPI ordered CoinFlip to pay $4.8 million to scam victims and fines for excessive fees.

What changed

Severe financial penalties were applied to the operator of a crypto ATM service.

Compliance perspective

Significant financial repercussions for deceptive practices in the crypto space.

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