Fidelity Digital Assets pays $500,000 to settle California crypto withdrawal probe
Image: NewsBTCFidelity Digital Assets agreed to pay $500,000 to settle a California investigation into past limits on crypto withdrawals. California Attorney General Rob Bonta announced the settlement. Fidelity denies wrongdoing and did not admit breaking any law. The state said customers could buy and sell crypto but could not send it off the platform. Fidelity enabled external transfers after receiving regulatory permission in April 2025.
Key points
- Fidelity Digital Assets agreed to pay $500,000 to settle a California investigation into past crypto withdrawal limits.
- California Attorney General Rob Bonta announced the settlement.
- Fidelity enabled external crypto transfers after receiving regulatory permission in April 2025.
- California customers previously could buy and sell crypto but could not send it off the platform.
Why it matters
The case centers on whether crypto buyers can move assets off a platform, not just trade them in an account. Fidelity enabled external transfers after April 2025 regulatory permission.
Sources · 2 publishers
NewsBTC
Tier 2
Fidelity Pays $500,000 In California Crypto Withdrawal Settlement
Coverage timeline
- First reported by Blockonomi
- Also reported by NewsBTC
- CryptoVideos brief published
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