California regulators shut down Hermes Bitcoin ATMs over 14,000 violations
California regulators have shut down Hermes Bitcoin ATMs due to over 14,000 compliance violations. The company has been permanently banned from operating in the state after failing to meet various legal requirements. This case highlights the importance of regulatory compliance for crypto kiosk operators.
- ▪Hermes Bitcoin operated 42 kiosks in Southern California and was found to have over 14,120 instances of missing or improper receipts and disclosures.
- ▪The company charged customers fees that exceeded the legal maximum and failed to comply with anti-money laundering regulations.
- ▪California's Department of Financial Protection and Innovation has mandated that all kiosks be shut down by May 20, 2026.
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California regulators shut down Hermes Bitcoin ATMs over 14,000 violations The operator behind 42 crypto kiosks across Southern California is permanently banned from digital asset business in the state after racking up a staggering number of compliance failures. Share Add us on Google by Editorial Team May. 23, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); California’s Department of Financial Protection and Innovation (DFPI) has…
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