Coinbase to Pay $100M to Settle NYDFS Lawsuit
Cryptocurrency exchange Coinbase has agreed to pay $100 million to settle claims by the NYDFS accusing the exchange of non-compliance with AML rules from 2020 to 2021. This came to light in a consent-based injunction signed Jan. 4 by New York State Department of Financial Services (NYDFS) superintendent Adrienne Harris. Earlier, the regulator accused the marketplace Coinbase of failing to take proper anti-money laundering measures in 2020 and 2021. The document states that Coinbase’s non-compliance…
