CoinFlip
The Texas Department of Banking has issued a consent order against Chicago-based cryptocurrency kiosk operator CoinFlip for conducting unlicensed money transmission. The company must pay over $40,000 and halt transactions until licensed. This follows prior violations and a merger-related issue.
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CoinFlip has launched a Crypto Center in Mexico City, serving as a comprehensive hub for cryptocurrency services. The facility includes ATMs for buying and selling digital assets, along with staff support and educational resources for users. This move aims to boost crypto adoption in the region amid growing interest in assets like bitcoin and Ethereum.