Cryptocurrency Exchange Platform, BitMEX, Settles Lawsuit and Agrees to Pay $100 Million for Violating U.S. trading laws

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Tuesday, August 17, 2021

Author:

Marwah Adhoob

Volume:

37

Issue:

8

Abstract:

On August 10, 2021, BitMEX, a cryptocurrency exchange platform, agreed to pay $100 million for not abiding by U.S. laws while permitting U.S. residents to use the platform and not implementing an anti-money laundering program.[1]

[1] CFTC, Federal Court Orders BitMEX to Pay $100 Million for Illegally Operating a Cryptocurrency Trading Platform and Anti-Money Laundering Violations, Press Rel. 8412-21.