Coinbase Agrees to Pay $100 Million to Settle Anti-Money-Laundering Violations

Crypto exchange Coinbase (NASDAQ: COIN) agreed to pay a total of $100 million to settle charges with the New York State Department of Financial Services, after regulators discovered the crypto exchange violated anti-money-laundering laws by repeatedly failing to conduct adequate customer background checks. The settlement, announced Wednesday, is comprised of a $50 million fine, as … Continue reading Coinbase Agrees to Pay $100 Million to Settle Anti-Money-Laundering Violations