Genesis Global Trading fined $8M, loses its NY crypto license over anti-money laundering compliance failure
The New York Department of Financial Services announced on Friday that Genesis Global Trading, a subsidiary of Digital Currency Group (DCG), will pay an $8 million penalty and surrender its crypto license following an investigation that uncovered significant shortcomings in
The post Genesis Global Trading fined $8M, loses its NY crypto license over anti-money laundering compliance failure first appeared on TechStartups.
The New York Department of Financial Services announced on Friday that Genesis Global Trading, a subsidiary of Digital Currency Group (DCG), will pay an $8 million penalty and surrender its crypto license following an investigation that uncovered significant shortcomings in […]
The post Genesis Global Trading fined $8M, loses its NY crypto license over anti-money laundering compliance failure first appeared on TechStartups.