Washington Coinbase settles dispute with New York financial regulator over alleged violations of money laundering laws in $100 million settlement The state Department of Financial Services announced Wednesday that regulators have fined the crypto exchange $50 million.
Coinbase has pledged to invest $50 million in measures to prevent criminals from abusing the platform. Coinbase allowed users to open accounts without sufficient identity verification.
Further: FTX Founder Bankman-Fried ‘Not Guilty’
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