Atlanta, Georgia - On January 16, 2026, an Order to Cease and Desist ("Order") issued by the Georgia Department of Banking and Finance ("Department") to Virtual Assets LLC dba Crypto Dispensers became final.

The Order to Cease and Desist was issued by the Department after it obtained evidence that Virtual Assets LLC dba Crypto Dispensers engaged in money transmission by operating an online virtual currency trading platform in Georgia without a valid license or under an applicable exemption in violation of O.C.G.A. § 7-1-681.

Pursuant to O.C.G.A. § 7-1-681(b), Georgia law prohibits any person from transmitting money or monetary value, including virtual currency, within the United States or to locations abroad by any and all means without having first obtained a money transmitter license or pursuant to an exemption from licensure under O.C.G.A. § 7-1-682.

Contact:

Dominique Williams
Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371
E-mail: [email protected]