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Posts tagged as “Ripple Labs”

Coinbase Agrees to Pay $50 Million to Settle New York Investigation into Anti-Money Laundering and Know-Your-Customer Practices

Coinbase, a popular cryptocurrency exchange, has agreed to pay $50 million to settle a New York investigation into its anti-money laundering and know-your-customer practices. The settlement requires Coinbase to spend an additional $50 million over the next two years to address shortcomings identified by the New York Department of Financial Services (NYDFS). According to NYDFS Superintendent Adrienne Harris, all financial…