Coinbase paying $100M in settlement with New York regulators ...Middle East

News by : (The Hill) -
The U.S. crypto exchange Coinbase reached a $100 million settlement with New York regulators to resolve an investigation that found the company was "vulnerable to serious criminal conduct," according to a press release published Wednesday. New York Superintendent of Financial Services Adrienne A. Harris announced in the press release that Coinbase will pay a $50 million penalty to New York for violating virtual currency, money transmitter, transaction monitoring and cybersecurity regulations. These violations made the platform susceptible to fraud, possible money laundering, suspected activity related to child sexual abuse material and potential narcotics trafficking, according to the r

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