Daily Archives: 25/02/2022

BitMEX co-founders Arthur Hayes and Benjamin Delo plead guilty to violating AML rules

BitMEX co-founders Arthur Hayes and Benjamin Delo pleaded guilty to using the platform for money laundering and agreed to pay a $10 million fine. In October 2020, the U.S. Commodity Futures Trading Commission (CFTC) accused BitMEX CEO Arthur Hayes, exchange co-founder Benjamin Delo, and other marketplace executives of illegally doing business in the U.S., as well as violating KYC rules. and AML. According to a Justice Department statement, BitMEX illegally served US customers between September…

Government of Canada will unlock accounts and cryptocurrency wallets of the “Convoy of Freedom”

Canadian Prime Minister Justin Trudeau has repealed the Emergency Situations Act, introduced last week to deal with the Freedom Convoy protest group. As Justin Trudeau stated in a press release, “the situation is no longer an emergency and existing laws and regulations are sufficient.” Isabelle Jacques, Assistant Deputy Treasury Secretary of Canada, told a parliamentary committee that “financial institutions are unfreezing accounts and the vast majority of accounts.” Recall that earlier the Royal Canadian Mounted…