BitMEX has been fined $100 million for violating the U.S. Bank Secrecy Act. The court sentenced HDR Global Trading, the parent company of BitMEX, to two years of probation and a fine after pleading guilty to operating without an anti-money laundering program from 2015 to 2020. The court rejected the U.S. demand for a larger fine of $417 million. This decision concludes the main part of the legal proceedings with the company and its executives.
1/16/2025 12:19:15 PM (GMT+1)
BitMEX fined $100 million for violating the U.S. Bank Secrecy Act, the company received two years of probation after pleading guilty ⚖️
185
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
Elon Musk through D.O.G.E directs funds to SpaceX and Tesla, manipulating figures in government spending, which raises questions about conflicts of interest
President Trump signed an order to create the Strategic Bitcoin Reserve and the National Digital Asset Reserve to strengthen the U.S. position in managing cryptocurrencies
Australia does not plan to create a strategic cryptocurrency reserve, despite the USA's initiative to include XRP, Bitcoin, and others in the national financial reserve
El Salvador and Paraguay have signed a cooperation agreement on cryptocurrency regulation to combat illegal operations and improve control over money laundering
Japan is reducing taxes on cryptocurrency and introducing new rules for regulating digital assets, including increased control over unregistered exchanges
Ripple receives the first regional license from the Dubai Financial Services Authority to provide regulated crypto payments and services in the Dubai International Financial Centre
The hacker group Dark Storm has claimed responsibility for the large-scale cyberattack that caused disruptions on the social network X (formerly Twitter)
