Thursday, 06 Mar 2025

Coinbase reaches $100m settlement with New York regulators

Coinbase reaches $100m settlement with New York regulators


Coinbase reaches $100m settlement with New York regulators
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Coinbase, a publicly traded firm and one of the largest global crypto exchanges, will pay another $50m to boost compliance efforts aimed at blocking potential criminals from using the exchange, the company said. The deal also requires Coinbase to work with a third-party monitor.

Coinbase has been under scrutiny from DFS and other regulators. It has previously disclosed receiving investigative subpoenas and requests from the US Securities and Exchange Commission for documents and information.

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