The Washington State Department of Financial Institutions is seeking to revoke Digital Access LLC's license and impose significant penalties.
What changed
The action includes a request for consumer refunds exceeding $1 million and barring the company from future operations.
Compliance perspective
Companies in the digital currency space need to ensure compliance with state regulations to avoid similar enforcement actions.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.