Coinme, Inc., a money transmission company operating cryptocurrency kiosks throughout Georgia, will stop operating all of its virtual currency kiosks operations by the end of 2026 following the finalizing of a multistate settlement.
The Georgia Department of Banking and Finance announced that it entered into a Consent Order with Coinme on October 7, 2026, as part of a coordinated enforcement effort involving financial regulators from 31 other states, the District of Columbia, and Puerto Rico.
The agreement addresses regulatory concerns about Coinme’s compliance with state and federal laws relating to money transmitters, including requirements related to preventing money laundering.
Under the agreement, Coinme must discontinue its cryptocurrency kiosk operations in Georgia before January 1, 2027. The company will still be permitted to operate under its Georgia money transmission license. It can also continue offering other authorized money transmission services to residents.
Coinme is also required to hire an independent consultant to evaluate the effectiveness of its Bank Secrecy Act and Anti-Money Laundering compliance program and implement improvements deemed necessary by the consultant.
Finally, the company will pay $2.5 million as part of the settlement, which will be distributed across the 34 regulatory agencies party to the settlement.
Georgia was one of seven states that led the enforcement effort. The Georgia Department of Banking and Finance will also serve on a committee overseeing Coinme’s compliance improvements alongside the independent consultant.
