New York Fines Crypto Trading Platform 30M First in DFS Crypto Settlement | JD supra

In the year On August 2, 2022, the New York State Department of Financial Services (“DFS”) announced that Robinhood Crypto LLC (“RHC”), which allows customers to trade cryptocurrencies, has agreed to pay a $30 million fine. Settlement of “significant” deficiencies in compliance with New York State anti-money laundering and cybersecurity regulations. In addition to the … Read more