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cryptonews

2023-01-05 14:00:00

Coinbase to Pay $100M to Settle New York Regulators' Anti-Money Laundering Complaints

Coinbase to Pay $100M to Settle New York Regulators' Anti-Money Laundering Complaints

The US crypto exchange Coinbase has agreed to shell out a total of $100m to settle a complaint relating to “certain historical shortcomings” in its regulatory compliance work. The massive amount Coinbase is expected to pay is made up of a $50m penalty to the regulator, as well as another $50m committed to compliance program investments. The latter amount will be spent over the next two years, the exchange said.... Read More: Coinbase to Pay $100M to Settle New York Regulators' Anti-Money Laundering Complaints

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