Tag: Doge

BitMEX Slapped With $100 Million Fine For Violating Anti-Money Laundering Laws

BitMEX, the cryptocurrency trading platform, has incurred a substantial $100 million penalty for contravening US anti-money laundering (AML) requirements. This penalty arises from the company’s noncompliance with the US Bank Secrecy Act (BSA), which permitted unlawful transactions on its platform for multiple years. Noncompliance With KYC And AML Regulations...
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South Korea Targets Crypto Price Manipulation in First Action Under New Act

South Korean financial authorities – Financial Services Commission (FSC) and Financial Supervisory Service (FSS) – reported a suspect of price manipulation in the virtual asset market to the prosecution. This marks the first case processed through formal investigation procedures under the newly enforced Virtual Asset Act, effective July 19,...
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SEC’s Last Major Legal Official Exits, Leaving Clean Slate for Trump Era

The U.S. Securities and Exchange Commission’s top lawyer, General Counsel Megan Barbero, will step away next week, joining the exodus of top agency officials who had been responsible for the SEC’s legal battles with the crypto industry in recent years. “Her measured advice and judgment have been critical to...
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