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Crypto Derivatives Exchange BitMEX Will Pay $100M in Penalties to FinCEN, CFTC

Amy Liu

Summary: In a Tuesday announcement, the Commodity Futures Trading Commission said the U.S. District Court for the Southern District of New York had entered a consent order for HDR Global Trading Limited, 100x Holding Limited, ABS Global Trading Limited, Shine Effort Inc Limited and HDR Global Services Limited to be charged with illegally operating the BitMEX ...

In a Tuesday announcement, the Commodity Futures Trading Commission said the U.S. District Court for the Southern District of New York had entered a consent order for HDR Global Trading Limited, 100x Holding Limited, ABS Global Trading Limited, Shine Effort Inc Limited and HDR Global Services Limited to be charged with illegally operating the BitMEX platform. As part of the settlement with both the CFTC and FinCEN, BitMEX will pay a $100 million civil monetary penalty “for illegally operating a cryptocurrency trading platform and anti-money laundering violations.”

By Amy Liu

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Link: Crypto Derivatives Exchange BitMEX Will Pay $100M in Penalties to FinCEN, CFTC   [Copy]
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