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Coinbase closes $100 million in settlements in US

Coinbase

The American public company has agreed to a settlement with the New York Financial Supervisory Commission.


(Photo: Reuters)

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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