Coinbase Settles for $100M With Regulators Over Compliance System

Coinbase Settles for $100M With Regulators Over Compliance System

Regulations
January 4, 2023 by secret
147
[ad_1] Key Takeaways Coinbase has reached a $100 million settlement with the New York Department of Financial Services over its compliance program. The exchange has been fined $50 million, and has agreed to invest an extra $50 million into updating its compliance system. The NYDFS mainly blamed a weak compliance structure and a surge in