SQUAWK/NEWS
Account
Theme
Account
Menu
Live News REGULATION ARTICLE M impact

Fidelity to Pay $500,000 in California Crypto Withdrawal Settlement

California secured a $500,000 settlement with Fidelity Digital Asset Services over restrictions that prevented some customers from moving purchased cryptocurrency to their own wallets. Attorney General Rob Bonta announced the settlement on October 16.

California has secured a $500,000 settlement with Fidelity Digital Asset Services over restrictions that previously prevented some crypto customers from moving purchased coins to their own wallets.TL;DR: Attorney General Rob Bonta announced the settlement on October 16. California challenged histor…