Coinbase reaches $100m settlement with New York regulators
by Reuters from Technology | The Guardian on (#67FJP)
Agreement caps regulator's investigation into cryptocurrency's compliance with requirements to prevent money laundering
US-based cryptocurrency exchange Coinbase has reached a $100m settlement with New York's Department of Financial Services (DFS), the exchange and the regulator said in statements on Wednesday.
The settlement, which includes a $50m penalty, caps the regulator's investigation into the firm's compliance with requirements to prevent money laundering.
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