meta_id 3078496

On April 16, 2026, the Florida Office of Financial Regulation (OFR) entered a Final Order concluding its enforcement action against Coinbase, Inc. (Case Number: 131192) through a Stipulation and Consent Agreement. The OFR conducted an examination of Coinbase, a money transmitter licensed under Part II, Chapter 560, Florida Statutes (license number FT230000152), to assess compliance with state financial regulations. Following the examination, the OFR issued an Administrative Complaint on August 13, 2025, subsequently amended on September 3, 2025. The amended complaint charged Coinbase with violations of Rule 69V-560.703(1)-(2), Florida Administrative Code, and section 560.211(1)(a), Florida Statutes (Count I), and section 560.126(2), Florida Statutes (Count II). The violations concerned Coinbase's failure to report changes to its banking information used for money services business, changes to its mailing address, and failure to report that it had been subject to a regulatory action. Rather than proceed to an administrative hearing, the parties resolved the matter through settlement. Under the agreement, the OFR dismissed Count I and Coinbase agreed to pay an administrative fine of $5,000. Coinbase neither admitted nor denied the allegations but consented to the OFR's findings regarding the Count II violations. Coinbase also agreed to comply with all provisions of Chapter 560, Florida Statutes, and corresponding rules. The Final Order incorporates the Stipulation and Consent Agreement and constitutes final agency action. Coinbase waived its right to an administrative hearing, appeal, and separate findings of fact and conclusions of law. The settlement resolves all civil and administrative actions relating to the specific violations identified during examination number 127165.