Kansas Joins $2.5 Million Settlement with Crypto Kiosk Operator

Document text

Research, not advice. Part of the Bitcoin research archive (October 2026). Claims labelled unverified, contested or fringe are reported, not endorsed; statuses of bills and rules are as of the date checked. Government, court and patent records are public domain; the research notes are CC BY 4.0.

Kansas Joins $2.5 Million Settlement with Crypto Kiosk Operator – Kansas Office of the State Bank Commissioner

            Skip to content

                 Menu

AboutInfo & News

About Us

History

Staff & Banking Board

Employment Opportunities

Contact Us

ConsumersAssistance & Info

Consumer Assistance

File a Complaint

Company Lookup

FAQs

Resources & Tools

Open Records Requests

Consumer Education

OSBC Sponsored Consumer Education

Financial Education Grants

MyMoney.gov

Scholarship Contest

2026 Kansas Financial Scholars Essay Contest

Previous Scholarship Winners

Banking & TrustState-Chartered

Application/Forms

Laws & Guidance

e-Inform Mailing List

Revenue Bonds

Cybersecurity Resources

Other Resources

State Charter Advantages

Mortgage, Finance& Money Transmitter

Applications/Forms

Laws & Guidance

e-Inform Mailing List

Cybersecurity Resources

Online AccessLookup & Renewals

Quick Links:

News & Updates

File a Complaint

MyMoney.gov

Agency Snapshot

Scholarship Contest

Facebook

Twitter

LinkedIn

            	Open Search Window

        	Home
 banking, cml, consumers, legalKansas Joins $2.5 Million Settlement with Crypto Kiosk Operator

Kansas Joins $2.5 Million Settlement with Crypto Kiosk Operator

		October 8, 2026|
		banking, cml, consumers, legal|
        osbcit

Topeka, KS – The Kansas Office of the State Bank Commissioner (“OSBC”) and 33 other state financial regulatory agencies have reached a $2.5 million settlement with Coinme Inc. (“Coinme”) (NMLS ID 1185542), a Seattle-based cryptocurrency money transmitter and kiosk operator, for violations of Bank Secrecy Act (“BSA”) and anti-money laundering (“AML”) laws that safeguard the financial system from illicit use.

Under the terms of the settlement, Coinme has agreed to terminate its virtual currency kiosk operations by Jan. 1, 2027, or face an additional $4 million penalty. The settlement amount will be allocated among participating states based on transaction volume. The Kansas OSBC will receive $30,002 that will go into a fund to support Kansas consumer education.

In addition, Coinme has agreed to hire an independent consultant to review the comprehensiveness and effectiveness of its BSA/AML program and submit a report to the states within six months. Coinme will have 12 months to correct any deficiencies found in the review after the report is filed. 

 “The OSBC’s mission is to ensure the integrity of regulated providers of financial services through responsible and proactive oversight, while protecting and educating consumers,” said Deputy Commissioner Jim Payne. “This coordinated effort with 33 of our counterpart agencies accomplished that mission and illustrates Coinme’s dedication to improving its compliance management systems to the benefit of Kansas consumers.”

“House Bill 2591 known as the Virtual Currency Kiosk Consumer Protection Act, was passed by the legislature and went into effect July 1, 2026. This bill ensures virtual currency kiosk operators are regulated and creates an additional layer of protection to Kansas residents,” said Payne.  “The enactment of the new law, as well as this multistate settlement illustrates the OSBC’s commitment to the financial protection of Kansas consumers.”

The states of Alaska, Arkansas, Georgia, Illinois, North Carolina, Ohio, and Washington led the enforcement effort.

Kansas residents who have questions about the enforcement action may visit the Office of the State Bank Commissioner’s website www.osbckansas.gov. Residents may also visit the NMLS Consumer Access website www.nmlsconsumeraccess.org to view information and verify that a company is licensed to do business in Kansas.

            Previous:
 Kansas Bank Commissioner to Retire

Comments are closed.

		Search for:

Search

Recent News

Kansas Joins $2.5 Million Settlement with Crypto Kiosk Operator

		October 8, 2026

Kansas Bank Commissioner to Retire

		September 4, 2026

Agency Snapshot – Q2 2026

		September 3, 2026

Kansas Joins $15.5 Million Settlement with Mortgage Servicer NewRez LLC

		August 12, 2026

Women & Money – Kansas OSBC Helping Support Financial Literacy

		August 11, 2026

Kansas Office of the State Bank Commissioner Closes Small Business Bank, Lenexa, Kansas, Appoints Federal Deposit Insurance Corporation (FDIC) as Receiver

		July 17, 2026

Main Office

700 SW Jackson St, Suite 300

Topeka, KS 66603

Phone: (785) 380-3939

		Search for:

Search

Facebook

Twitter

LinkedIn

            	Open Search Window

Kansas Office of the State Bank Commissioner

© Contents of the OSBC website are copyrighted.
All rights reserved.

		Search for:

Search

    Close Search Window

    ↑