Brian Armstrong-led cryptocurrency exchange Coinbase has reached a $100 million settlement with New York’s Department of Financial Services (DFS), according to statements released by both parties.
Following the news, the Coinbase stock saw a considerable jump, rising over 12%.
Coinbase Settles New York State Investigation
Cryptocurrency exchange Coinbase has announced that it has reached a $100 million settlement with the New York Department of Financial Services (DFS). The exchange and the regulator announced the news through separate statements released on Wednesday. Under the terms of the settlement, Coinbase will pay a $50 million fine, and invest a further $50 million towards compliance efforts, and look to block any potential criminal or malicious actor from using the exchange. Coinbase will also be required to work with a third-party monitor.
“This agreement includes a $50 million penalty and a separate commitment from Coinbase to invest $50 million in our compliance
We współpracy z: https://cryptodaily.co.uk/2023/01/coinbase-reaches-100-million-settlement-with-new-york-regulator
