FinanceMagnates
A federal judge handed cryptocurrency exchange BitMEX
a $100 million fine, bringing a years-long legal battle to a close. The penalty
involves the firm’s guilty plea in 2022 for violating the US Bank Secrecy Act
(BSA), a charge that revolved around its failure to implement sufficient
Anti-Money Laundering (AML) protocols…
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BitMEX Settles Long-Running Legal Dispute with $100 Million Fine
Jared Kirui
04:30
A federal judge handed cryptocurrency exchange BitMEX a $100 million fine, bringing a years-long legal battle to a close. The penalty involves the firm’s guilty plea in 2022 for violating the US Bank Secrecy Act (BSA), a charge that revolved around its failure to implement sufficient Anti-Money Laundering (AML) protocols…