BitMEX Hit with $100 Million Fine for Breaching US Bank Secrecy Regulations

In a significant legal development, BitMEX, one of the leading cryptocurrency exchanges, has been ordered to pay a hefty $100 million fine due to violations of the US Bank Secrecy Act (BSA). This ruling comes after investigations revealed that the firm failed to implement adequate anti-money laundering (AML) measures, jeopardizing the integrity of the financial system.

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