Coinbase to pay $100 million to resolve New York investigation of due-diligence lapses
Coinbase found itself overwhelmed by frantic platform adoption in 2020 and 2021, the NYDFS claimed in its filing today. This resulted in the exchange failing to maintain a robust compliance system. Coinbase reached a settlement with the New York Department of Financial Services. According to the filing, the U.S.-based crypto exchange has agreed to a…
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