Washington Seeks to Revoke Digital Access LLC License
Operators of crypto kiosks face heightened scrutiny regarding transaction markups and regulatory reporting compliance.
Updated on Oct. 22, 2026 in Inflation
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The Washington State Department of Financial Institutions is moving to revoke the license of Digital Access LLC, operator of 50 crypto kiosks in the state. Regulators allege the company charged excessive transaction markups and failed to meet essential consumer protection and reporting standards.
Why it matters
This enforcement action underscores the intensifying regulatory scrutiny on crypto-asset kiosk operators to ensure they meet state-level financial transparency and consumer safety obligations. For businesses, it highlights the risks associated with inadequate transaction monitoring and non-compliance with state reporting mandates.
Digital Access LLC faces a state-led effort to recover over $1 million in alleged markups from consumers. The company's 50 Washington-based crypto kiosks were found to have charged markups as high as 31% above fair market value.
The players
Washington State Department of Financial Institutions
The state regulator responsible for oversight and enforcement of financial services and consumer protection laws.
Digital Access LLC
An operator of digital currency kiosks that provides consumer transaction services across 50 locations.
The details
The state alleges Digital Access LLC neglected to implement necessary transaction monitoring and failed to file required reports between 2023 and 2025. By failing to uphold these safeguards, the operator allegedly left elderly consumers vulnerable to the 31% markups cited in the legal action. The DFI's move to revoke the license aims to shutter the company's network of 50 locations across Washington, including sites in Ferndale and Bellingham.
Timeline
2023-2025: Period during which the alleged transaction markups occurred.
September 2026: DFI filed separate charges against CoinFlip.
October 19, 2026: DFI announced the legal action to revoke Digital Access LLC's license.
Market Landscape
The action follows the enforcement precedent set by Washington state Money Transmitter Act compliance standards, which mandate rigorous oversight of virtual currency businesses. This signals a broader trend of state-level regulators tightening the loop on crypto-asset kiosks.
Operators in the financial services sector must review their transaction monitoring and compliance reporting protocols to avoid similar state-level scrutiny. Firms should also ensure that pricing structures are transparent and meet fair market standards to avoid exposure to consumer protection enforcement.
The takeaway
Regulators are increasingly targeting crypto kiosk operations that fail to prove institutional compliance with consumer protection laws. Business owners should audit their internal reporting mechanisms and pricing disclosures to ensure they align with local financial standards.
Further reading
For more on the evolving regulatory environment for digital assets, see our coverage in Inflation.
Source note: This article includes information reported by My Bellingham Now -.
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