Wednesday, June 26, 2024

Coinbase Will Pay $50M Nice to New York Regulator to Settle Background Test Expenses

by Jeremy

“At present Coinbase and NYDFS have come to an settlement to settle a NYDFS investigation, disclosed in our 2021 annual 10K submitting, into our historic compliance program,” wrote Paul Grewal, Coinbase’s Chief Authorized Officer, in an e-mail to CoinDesk. “Coinbase has taken substantial measures to deal with these historic shortcomings and stays dedicated to being a pacesetter and position mannequin within the crypto house, together with partnering with regulators with regards to compliance.”

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