The total fine of $29.3m levied on Bittrex is the largest ever levied on a crypto exchange by the US Office of Foreign Assets Control. Coming in the same year as the $140m fine imposed on USAA for persistent shortcomings in anti-money-laundering compliance, a clear signal is being sent that
Bittrex fine lifts the lid on crypto’s great compliance challenge
Amidst all the talk of how far to regulate, is there really a commitment to do the right thing?