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Bittrex fine lifts the lid on crypto’s great compliance challenge

Crypto key on keyboard
Photo: Getty Images

Martin Cloake

3 min read
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Amidst all the talk of how far to regulate, is there really a commitment to do the right thing?

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

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