BitMEX Pleads Guilty to Bank Secrecy Act Violation for 6-Year Period
Wednesday, 10 July 2024, 22:24
BitMEX Crypto Exchange Violation
BitMEX recently pleaded guilty to violating the Bank Secrecy Act from 2015 to 2020, with top executives admitting guilt as well. The development underscores the importance of regulatory compliance in the cryptocurrency sector.
Executives' Admission of Guilt
Four executives of BitMEX have previously pleaded guilty to the same charge, adding to the gravity of the situation. This raises concerns about the impact on BitMEX's standing in the industry.
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