DFPI Cracks Down on Cash to Crypto Kiosk Operators
What You Need to Know: DFPI takes action against several crypto kiosk operators who overcharged consumers – One must now pay $675,000 for flouting the law.
SACRAMENTO – In an ongoing effort to protect consumers and crack down on companies that break the law, the California Department of Financial Protection and Innovation (DFPI) today announced that it has taken action against multiple crypto kiosk operators, including Nevada-based LSGT Services, LLC (Coinhub), which must pay a total of $675,000. This includes refunds to California consumers they overcharged.
This enforcement action, the fourth of its kind by DFPI against a crypto kiosk operator in recent months, serves as a warning to companies that violate…
