{"id":14628,"date":"2026-10-18T18:49:55","date_gmt":"2026-10-18T18:49:55","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14628"},"modified":"2026-10-18T18:49:55","modified_gmt":"2026-10-18T18:49:55","slug":"fidelity-crypto-settlement-excludes-ira-transfers","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14628","title":{"rendered":"Fidelity crypto settlement excludes IRA transfers"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-figure-scope=\"\" data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>Fidelity Digital Assets\u2019 $500,000 settlement with California adds a written-notice commitment if it stops offering ordinary retail crypto transfers. Tax-advantaged accounts, including individual retirement accounts, remain outside the agreement\u2019s transfer obligations.<\/p>\n<p>Attorney General Rob Bonta announced the deal Oct. 16 over allegations about past withdrawal restrictions at Fidelity Digital Asset Services. The settling entity, Fidelity Digital Assets, National Association, is its successor. Fidelity denies wrongdoing and entered the agreement without admitting a violation of law.<\/p>\n<p>The company agreed to pay the attorney general $500,000 in recognition of investigation-related fees and costs and to settle the released potential claims. The agreement specifies no customer compensation fund.<\/p>\n<p>The agreement describes a period from November 2022 through April 2025 when California retail customers could buy and sell crypto but could not transfer it directly off the platform. Regulatory permission came in April 2025, and the transfer feature reached all California customers by June 2025.<\/p>\n<p>The settlement recognizes that existing ability to transfer crypto to external wallets, subject to applicable law. If Fidelity decides to stop offering transfers as a feature for retail customers, it must give its California customers reasonable written notice.<\/p>\n<p>Fidelity can still restrict or disallow transfers to protect its platform or individual account holders.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">9 mega banks block crypto accounts, but new OCC rules bite back<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>Fidelity\u2019s state-availability page, checked Oct. 18, continues to list crypto deposits and withdrawals for ordinary Fidelity Crypto accounts in California.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter cs-newsletter-brand\" data-newsletter-edition=\"catalyst\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\">\n<div class=\"cs-inline-newsletter__editorial\">\n<p class=\"cs-inline-newsletter__eyebrow\">The Catalyst<\/p>\n<p class=\"cs-newsletter-frequency\">Daily Newsletter<\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">Know what\u2019s moving crypto.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start with the stories that matter. Get the context behind the headlines and a clear view of what to watch next.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__art\" aria-hidden=\"true\"> <img loading=\"lazy\" src=\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/catalyst-newsletter-scrapbook-v3.webp\" alt=\"\" width=\"640\" height=\"640\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" src=\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/catalyst-newsletter-scrapbook-v3.webp\" alt=\"\" width=\"640\" height=\"640\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter shoggoth-infographic shoggoth-infographic-portrait wp-image-573706\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7908083c-5894-4909-b375-a72e6a0a9d28.png\" alt=\"Comparison of Fidelity\u2019s ordinary California crypto accounts and Crypto IRAs: existing wallet transfers with a notice commitment and security exceptions, IRA transfer exclusion, current state eligibility, and the linked brokerage IRA cash route.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7908083c-5894-4909-b375-a72e6a0a9d28.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7908083c-5894-4909-b375-a72e6a0a9d28-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7908083c-5894-4909-b375-a72e6a0a9d28-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7908083c-5894-4909-b375-a72e6a0a9d28-768x960.png 768w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\"\/><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"lazyload aligncenter shoggoth-infographic shoggoth-infographic-portrait wp-image-573706\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7908083c-5894-4909-b375-a72e6a0a9d28.png\" alt=\"Comparison of Fidelity\u2019s ordinary California crypto accounts and Crypto IRAs: existing wallet transfers with a notice commitment and security exceptions, IRA transfer exclusion, current state eligibility, and the linked brokerage IRA cash route.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7908083c-5894-4909-b375-a72e6a0a9d28.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7908083c-5894-4909-b375-a72e6a0a9d28-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7908083c-5894-4909-b375-a72e6a0a9d28-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/exec-7908083c-5894-4909-b375-a72e6a0a9d28-768x960.png 768w\" data-sizes=\"(max-width: 720px) 100vw, 720px\"\/><\/p>\n<h2>IRAs retain separate access rules<\/h2>\n<p>The agreement says Fidelity plans to launch Fidelity Crypto IRA accounts in California, without specifying a launch date. It also expressly excludes the covered tax-advantaged accounts from its transfer obligation, including IRAs and accounts subject to federal requirements for nontaxable transfers between retirement accounts.<\/p>\n<p>Fidelity\u2019s current IRA FAQ says the product remains unavailable in California and Oregon.<\/p>\n<p>Where Fidelity Crypto IRAs are offered, the FAQ says crypto transfers are unavailable and customers cannot withdraw money or crypto directly from the account. Instead, they can move money from its U.S. dollar position to the linked Fidelity brokerage IRA and use that account\u2019s withdrawal features.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">New SEC crypto rules threaten small advisers, but big firms win<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>See CryptoSlate\u2019s Bitcoin IRA comparison for other retirement-account providers.<\/p>\n<\/div>\n<p>Featured,Investments,Legal,Bitcoin,BTC,ETH,ethereum,Fidelity Investments,regulationBitcoin,BTC,ETH,ethereum,Fidelity Investments,regulation#Fidelity #crypto #settlement #excludes #IRA #transfers1792349395<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fidelity Digital Assets\u2019 $500,000 settlement with California adds a written-notice commitment if it stops offering ordinary retail crypto transfers. Tax-advantaged accounts, including individual retirement accounts, remain outside the agreement\u2019s transfer obligations. Attorney General Rob Bonta announced the deal Oct. 16 over allegations about past withdrawal restrictions at Fidelity Digital Asset Services. The settling entity, Fidelity<\/p>\n","protected":false},"author":1,"featured_media":14629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,285,62,601,31,1139,1467,4832,7457,389,959,5059],"class_list":["post-14628","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-bitcoin","tag-btc","tag-crypto","tag-eth","tag-ethereum","tag-excludes","tag-fidelity","tag-fidelity-investments","tag-ira","tag-regulation","tag-settlement","tag-transfers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fidelity crypto settlement excludes IRA transfers - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Fidelity\u2019s $500,000 California crypto settlement requires notice if retail wallet transfers end. 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