Coinbase paid 100 million by the regulators

2023.01.04 09:35

Coinbase paid 100 million by the regulators

Budrigannews.com – Coinbase, a cryptocurrency exchange based in the United States The New York Times reported on Wednesday that Global Inc. and New York regulators have reached a $100 million settlement.

According to the Times, state financial regulators imposed a $50 million fine on the company for allowing customers to “open accounts without conducting sufficient background checks, in violation of anti-money-laundering laws.” It said that compliance efforts to prevent potential criminals from using the exchange will require an additional $50 million.

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Coinbase paid 100 million by the regulators