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