On October 8, 2026, a multistate settlement was reached with Coinme Inc. over alleged Bank Secrecy Act violations, resulting in a $2.5 million penalty and operational changes.
What changed
Coinme must cease operations of its virtual currency kiosks by January 1, 2027.
Compliance perspective
All money transmitters should ensure compliance with BSA obligations to avoid similar penalties.
Key date
Effective date: October 8, 2026.
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