Tag: robinhood’s
Robinhood’s Crypto Unit Fined $30 Million By New York Financial Regulator
NYDFS Superintendent Adrienne Harris announced on Tuesday that Robinhood Crypto would pay a $30 million penalty to the state “for major violations in the areas of bank secrecy act/anti-money laundering responsibilities” and cybersecurity issues that allegedly breached New York regulations. Robinhood’s crypto subsidiary, according to Harris, will also be compelled to employ an independent consultant to examine the firm’s compliance and rehabilitation activities.
“As its business grew, Robinhood …
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Financial Regulator in New York Fines Robinhood’s Cryptocurrency Division for $30M | Curated…
Financial Regulator in New York Fines Robinhood’s Cryptocurrency Division for $30M | Curated CoinCodeCap #2 August 2022
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Financial Regulator in New York Fines Robinhood’s Cryptocurrency Division for $30M
The New York State Department of Financial Services (NYDFS) fined the Robinhood (HOOD) cryptocurrency trading division $30 million for possible violations of cybersecurity and anti-money-laundering laws as per The Wall Street Journal. Keep Reading »
Nomad Token Bridge Faces Security Exploit, Nearly $200Mn in Crypto Drained
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SMARTLend.finance — Secure and Audited Stablecoin Lending
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Polygon Releases 1.4 Billion MATIC Tokens From Vesting Contract
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Financial Regulator in New York Fines Robinhood’s Cryptocurrency Division for $30M | Curated… was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.
Robinhood’s Crypto Department Got Fined For Violations; Here’s What We Know
New York financial regulator fines Robinhood’s crypto division $30M
“As its business grew, Robinhood Crypto failed to invest the proper resources and attention to develop and maintain a culture of compliance,” said superintendent Adrienne Harris.