Arthur Hayes, co-founder of pioneering crypto derivatives exchange BitMEX, has been sentenced to two years probation for violating the Bank Secrecy Act by failing to put in safeguards against money laundering. Hayes will serve the first six months of his probation in home confinement as part of his sentence, but avoided jail time, according to Bloomberg. BitMEX earlier paid $100 million to...
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Crypto Global crypto
Breaking Down the SEC’s Double Whammy
The Securities and Exchange Commission started the week off with a one-two punch, filing lawsuits against Binance on Monday and Coinbase on Tuesday. The sweeping lawsuits shared some key charges, including that each company operates an unregistered securities exchange, but the Binance lawsuit contained other damning allegations, including that Binance and its CEO Changpeng Zhao...
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