News Snapshot:
WASHINGTON—One of the world’s largest cryptocurrency exchanges has agreed to pay $100 million to resolve a regulatory lawsuit over its failure to follow U.S. rules while allowing Americans to access its trading platform. BitMEX, which offers leveraged trading in bitcoin and other cryptocurrency derivatives, had been sued by the Commodity Futures Trading Commission last year. Three of the company’s co-founders were named as defendants in that lawsuit, while they were also separately indicted on a charge of failing to use an effective anti-money-laundering program. They have pleaded not guilty to criminal charges, and Tuesday’s civil settlement doesn’t resolve their cases....
