May 28, 2024

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Crypto Broker Fined Nearly $1.7M for Illegally Providing Access to Digital Asset Exchanges

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Crypto Broker Fined Nearly .7M for Illegally Providing Access to Digital Asset Exchanges
Crypto Broker Fined Nearly .7M for Illegally Providing Access to Digital Asset ExchangesOn May 13, the Commodity Futures Trading Commission announced it had fined crypto brokerage firm Falcon Labs Ltd. approximately $1.7 million. The fines are penalties for the firm’s illegal facilitation of U.S. residents’ access to digital asset derivative exchanges. The commission has urged digital asset intermediaries in similar situations to report their activities to the […]