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Cryptocurrencies: 27830
Markets: 115981
Market Cap: $3,393,755,468,855     
24h Vol: $298,698,450,582
Bitcoinist 2023-01-04 15:45:23

Coinbase Fined $50 Million for Lax Anti-Money Laundering Measures

Coinbase Fined $50 Million for Lax Anti-Money Laundering Measures
Per a report from the New York Times (NYT), crypto exchange Coinbase (COIN) reached an agreement with the New York Department of Financial Services (NYDFS). The company will pay around $100 million to improve its account and background checks. Related Reading: UK Plans To Launch New Unit To Tackle Crypto Crimes Half of the settlement
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