DFPI ordered CoinFlip to pay over $4.8 million to California scam victims and over $350,000 in fees for unlawful practices.
What changed
Action taken against CoinFlip for failures in handling anti-fraud controls and fee disclosures.
Compliance perspective
Entities in similar sectors must reassess compliance with the Digital Financial Assets Law and consumer protection laws.
Key date
Effective date: November 4, 2026.
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