Coinbase to pay fine to New York regulators for inadequate KYC checks

1 year ago 104

Coinbase, a U.S-based cryptocurrency exchange, volition beryllium paying a good to New York regulators. The New York State Department of Financial Services pulled up the steadfast for letting customers unfastened an relationship connected the level without due inheritance checks. This was successful usurpation of the anti-money laundering laws of the region.  As a result, the cryptocurrency speech volition person to wage a good of $50 cardinal and put different $50 cardinal successful upgrading its compliance program.

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Priya is simply a full-time cryptocurrency writer astatine AMBCrypto concentrating mostly connected privateness coins. A postgraduate successful economics, Priya focuses connected developments connected Ethereum and blockchain technology.

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