News
Coinbase Penalized $50M for Poor Anti-Money Laundering Measures
Coinbase to pay $50M fine and invest $50M in improving compliance in NYDFS settlement over money laundering allegations The New York Department of Financial Services (NYDFS) found that Coinbase (which has its own NFT platform (Coinbase NFT)) has been laundering illicit funds. As a consequence, the centralized cryptocurrency exchange has agreed to pay a $50M
Leah Waters