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Monday, October 19, 2026Updated 22:56 UTC

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Fidelity Pays $500,000 In California Crypto Withdrawal Settlement

Source: NewsBTC · Oct 19, 2026 14:00 UTC

Pile of physical souvenir Bitcoin coins — File photo antanacoins / Flickr · CC BY-SA 2.0 · Source

The Quick Take

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 historical withdrawal restrictions; Fidelity disputes that its conduct breached state law, and transfers w

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