“As BitMEX’s founders and long-time worker admitted in federal courtroom in 2022, the corporate, one of many main cryptocurrency derivatives platforms on the earth from 2015 to 2020, operated in the US with none significant anti-money laundering program, as required by federal regulation,” mentioned U.S. Lawyer Damian Williams in a DOJ press launch. “Because of this, BitMEX opened itself up as a automobile for large-scale cash laundering and sanctions evasion schemes, posing a critical risk to the integrity of the monetary system. Right now’s responsible plea signifies once more the necessity for cryptocurrency firms to adjust to U.S. regulation in the event that they benefit from the U.S. market.”
