The crypto exchange received a favorable judgment regarding a claim against suspected trading losses JD supra

This past month, the California District Court issued a request to compel arbitration of various claims of customers of the cryptocurrency exchange platform, Coinbase Global, Inc. Delegation of Authority Clause Transferring Claims to Arbitrate to Arbitrator. (Donovan v. Coinbase Global, Inc., No. 22-02826 (ND Cal. Jan. 6, 2023). As with some electronic contract disputes, it … Read more

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