FinCEN Announces $100M Enforcement Action Against Unregistered Futures Commission Merchant

On August 10, 2021 FinCEN announced a $100 million enforcement action with the Commodity Futures Trading Commission (CFTC) against BitMEX, a convertible virtual currency (CVC) derivatives exchange, for willful BSA violations.  The civil money penalty is outlined in this consent order, which presents the facts of the case. BitMEX did not admit or deny any of the factual or legal findings or conclusions in the consent order.

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