According to TechFlow, the cryptocurrency trading subsidiary of the US online trading platform Robinhood was fined $3.9 million by California for historical practices.

An investigation by the California Department of Justice found that Robinhood violated California commodity laws by allowing customers to purchase cryptocurrencies but not withdraw them between 2018 and 2022.

Under the settlement, Robinhood must allow customers to withdraw cryptocurrency and update disclosures on its custody practices.

Robinhood Markets’ general counsel said the company remains committed to making cryptocurrencies more accessible. It is worth noting that Robinhood Crypto still faces a separate review from the U.S. Securities and Exchange Commission (SEC), which plans to file a lawsuit for alleged violations of federal securities laws.