Crypto Exchange BitMEX Pleads Guilty to Violating the Bank Secrecy Act From 2015 to 2020

“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 this planet from 2015 to 2020, operated in the US with none significant anti-money laundering program, as required by federal regulation,” stated U.S. Legal professional Damian Williams in a DOJ press launch. “Consequently, BitMEX opened itself up as a car for large-scale cash laundering and sanctions evasion schemes, posing a severe menace to the integrity of the monetary system. In the present day’s responsible plea signifies once more the necessity for cryptocurrency corporations to adjust to U.S. regulation in the event that they benefit from the U.S. market.”