Washington Seeks to Revoke Crypto Kiosk License
The state aims to recover over $1 million for consumers allegedly overcharged by Digital Access LLC.
Updated on Oct. 22, 2026 in Inflation
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The Washington State Department of Financial Institutions initiated legal action to revoke the license of Digital Access LLC. The state seeks over $1 million in refunds for customers allegedly subjected to excessive transaction markups at the company's kiosks.
Why it matters
The action addresses allegations that the firm failed to protect vulnerable consumers, ignored reporting requirements, and neglected essential transaction monitoring. Regulators seek to enforce consumer protection standards in the state's growing crypto ATM sector.
Digital Access LLC operates 50 kiosk locations across Washington. The company allegedly charged markups reaching 31% of the fair market value on consumer transactions.
The players
Washington State Department of Financial Institutions
This state agency regulates financial services and enforces consumer protection laws across Washington.
Digital Access LLC
This company operates a network of cryptocurrency kiosks that facilitate digital asset transactions for consumers.
CoinFlip
This financial services firm was the subject of separate regulatory enforcement actions filed by the state in September 2026.
The details
Regulators claim the firm failed to adhere to regulatory compliance and consumer protection protocols during its operations between 2023 and 2025. The move follows recent enforcement actions in the state, including charges filed against CoinFlip in September 2026.
Timeline
Alleged transaction markups occurred between 2023 and 2025.
The DFI filed separate charges against CoinFlip in September 2026.
The DFI announced the legal action against Digital Access LLC on October 19, 2026.
Macro View
This enforcement action follows a pattern set by the Washington State Money Transmitter Act regarding financial services oversight. It marks a departure from periods of lighter regulation in the state's digital currency market.
Consumers who utilized kiosks operated by Digital Access LLC may be eligible for financial restitution pending the outcome of the state's case. The action highlights potential hidden costs like transaction markups that can impact the value of digital asset trades.
The takeaway
Crypto kiosk users should verify the fair market value of assets before completing transactions to avoid hidden fees. Monitoring official state regulatory announcements can provide residents with updates on pending consumer relief efforts.
Further reading
Learn more about the local financial climate in our Washington Inflation section.
Source note: This article includes information reported by My Bellingham Now -.
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