BitMEX agrees to pay as much as $ 100 million to settle U.S. charges


Source: indianewsrepublic.com indianewsrepublic.com

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BitMEX, one of the largest crypto derivatives exchanges, has been blamed for the U.S. fee of illegally accepting customer funds to trade cryptocurrencies when unregistered and the failure to perform customer due diligence. Agreed to pay up to $ 100 million to settle. On Tuesday, the U.S. Treasury Department’s U.S. Commodity Futures Trading Commission (CFTC) and Financial Crimes Enforcement Network (FinCEN) units sold cryptocurrency derivatives to U.S. customers without BitMEX properly registering with U.S. authorities for six years. Insisted. BitMEX has also failed to implement and maintain appropriate compliance programs to identify customers and prevent money laundering. The exchange also...