Myntbas

Coinbase når överenskommelse med tillsynsmyndigheter i New York

  • Coinbase hävdar att dess investering i efterlevnad överträffar alla andra kryptobörser globalt.
  • Regulators first spotted issues with Coinbase’s compliance in 2020, but the exchange has been slow to implement recommendations.

Den USA-baserade kryptobörsen Coinbase har gått med på att betala $50 miljoner i böter efter att tillsynsmyndigheter beslutat att det tillåter användare att registrera konton utan att utföra adekvata bakgrundskontroller, vilket bryter mot lagar mot penningtvätt.

De avtal med New York State Department of Financial Services kräver att kryptohandelsföretaget investerar $50 miljoner för att stärka sitt efterlevnadsprogram, vilket skulle öka dess säkerhet och avskräcka brottslingar som barnpornografer, penningtvättare och narkotikahandlare från att öppna konton hos Coinbase.

Coinbase obtained a license to operate in New York in 2017, according to officials, and the compliance issues at the firm were first discovered during a routine assessment in 2020. Regulators said they were already concerned with Coinbase’s anti-money-laundering controls in 2018.

The state Department of Financial Services said Coinbase’s anti-money-laundering program was weak and inadequate for an organization of its size. Regulators further claimed that the trading platform’s systems for monitoring fraudulent transactions were below par, which was a threat to financial security.

In one case, a digital criminal who opened a Coinbase account under the guise of working for an undisclosed organization managed to steal $150 million without Coinbase’s knowledge.

Coinbase initially pledged to hire an independent consultant to bring its daily operations into compliance with anti-money-laundering rules, to know the identity of its users, and keep an eye out for any questionable conduct.

Finansinspektör Adrienne A. Harris sade som reaktion på förlikningen,

It is critical that all financial institutions safeguard their systems from bad actors, and the Department’s expectations with respect to consumer protection, cybersecurity, and anti-money laundering programs are just as stringent for cryptocurrency companies as they are for traditional financial services institutions. Coinbase failed to build and maintain a functional compliance program that could keep pace with its growth.

Coinbase’s chief legal officer, Paul Grewal, said in a statement that the crypto exchange had taken steps to address the concerns raised by the financial regulator and “remains committed to being a leader and role model in the crypto space, including partnering with regulators when it comes to compliance.”

Grewal claimed that Coinbase’s investment in compliance “outpaces every other crypto exchange anywhere in the world,” adding that “customers can feel safe and protected while using our platforms.”

U.S. authorities have long been concerned that the crypto sector could weaken international anti-money-laundering safeguards. Interestingly, crypto executives have long taken pride in their ability to avoid regulation.

Statliga och federala myndigheter har gjort allt de kan för att reglera börser som Coinbase och dess internationella konkurrenter under de senaste tio åren. Den senaste FTX-drama verkar ha gett tillsynsmyndigheterna övertaget i deras strävan att kontrollera branschen.

Lawrence Weriji
Lawrence Weriji Verifierad författare

Jag har täckt några spännande historier under min karriär som journalist och tycker att blockchain-relaterade historier är väldigt spännande. Jag tror att Web3 kommer att förändra världen och vill att alla ska vara en del av den.

Senaste nytt