What You Need to Know: After violating California’s Digital Financial Assets Law, California shuts down a crypto kiosk company’s operations.

SACRAMENTO – In an ongoing effort to protect California consumers, the Department of Financial Protection and Innovation (DFPI) has announced that Anh Management, LLC, known as Hermes Bitcoin, must cease operating all of its digital financial asset kiosks (a/k/a ‘Bitcoin ATMs’) in California by May 20, 2026. The move comes after the company, which operates 42 kiosks in Southern California, charged customers more than the allowable fees and committed other violations of California’s Digital Financial Assets Law (DFAL).

The settlement agreement between the parties…