Home Crypto BitMEX announces $100M settlement with FinCEN, CFTC

BitMEX announces $100M settlement with FinCEN, CFTC

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No point out was fabricated from prison costs in opposition to former CEO Arthur Hayes or every other executives on the agency.

BitMEX announces $100M settlement with FinCEN, CFTC

Crypto derivatives alternate BitMEX has agreed to pay as much as $100 million to resolve a case from america Commodity Futures Buying and selling Fee and the Monetary Crimes Enforcement Community.

In an announcement right this moment, BitMEX mentioned it had reached a settlement with the 2 authorities businesses with regard to civil costs in opposition to the alternate. No point out was fabricated from prison costs in opposition to former CEO Arthur Hayes or every other executives on the agency.

“We’re very glad to place this behind us,” mentioned BitMEX CEO Alexander Höptner. “We take our duties extraordinarily severely, and can proceed to actively interact with regulators around the globe to make sure that we play a optimistic position in serving to to form the way forward for this extraordinary asset class.”

This story is growing and will probably be up to date.