Episode Details

A US court fined cryptocurrency exchange BitMEX $100 million for violating the Bank Secrecy Act between 2015 and 2020 due to insufficient anti-money laundering (AML) and know-your-customer (KYC) measures. This penalty, significantly lower than the initially sought $417 million, follows BitMEX's guilty plea and previous settlements. The exchange's founders also received individual fines and probation. BitMEX contends the issue is resolved and that its compliance measures have since improved. The article notes the ongoing impact of regulatory scrutiny within the cryptocurrency industry.

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