Wednesday, January 4, 2023

https://ift.tt/6zn7dKC giant Coinbase strikes a $100 million deal with New York regulators

Coinbase is a U.S.-based publicly traded cryptocurrency exchange.

A review found that the exchange's compliance program violated state laws, making it "vulnerable to serious criminal conduct." It will pay a $50 million fine and spend the rest beefing up oversight.

(Image credit: Chris Delmas]/AFP via Getty Images)

Cryptocurrency giant Coinbase strikes a $100 million deal with New York regulators Coinbase is a U.S.-based publicly traded cryptocurrency exchange.

A review found that the exchange's compliance program violated state laws, making it "vulnerable to serious criminal conduct." It will pay a $50 million fine and spend the rest beefing up oversight.

(Image credit: Chris Delmas]/AFP via Getty Images)



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