Crypto News Today
Crypto Exchange OKX deals with more regulatory issues. The Malta Financial Intelligence Analysis Unit (FIAU) has slapped the stock exchange with a fine of 1.054 million euros ($ 1.155 million) due to multiple compliance violations, including “failure to assess” money laundering risks “. FIAU, who investigated the stock exchange in 2023, also claims that OKX … Read more
South Korea’s largest cryptocurrency exchange, Upbit, is under intense regulatory scrutiny. After being accused of violating more than 700,000 Know Your Customer (KYC) and anti-money laundering (AML) obligations, Upbit is facing suspension. According to local media reports published on January 16, 2025, the Financial Intelligence Unit (FIU), a division of South Korea’s Financial Services Commission … Read more
Federal Judge John G. Koeltl has ordered BitMEX to pay a $100 million fine, the latest development in an ongoing legal dispute involving money laundering infractions in the United States. BitMEX faces major legal setback The legal challenges for BitMEX stem from activities between 2015 and 2020, during which the exchange allegedly failed to comply … Read more