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Empire State Bans & Fines Bitfinex & Tether

March 3, 2021 by Louis Chunovic

Empire State Bans & Fines Bitfinex & Tether

New York Attorney General Letitia James is requiring Bitfinex and Tether, two crypto-currency trading platforms, “to end all trading activity with New Yorkers.” Her reason for the exile? Their practices are allegedly “fraudulent and deceptive” and the crypto-traders are “hiding approximately $850 million in losses around the globe,” the New York A.G. says in a… Read More >>

Filed Under: Derivatives Operations, Securities Operations, Buy-Side, Data Management, Middle-Office, Reconciliation & Exceptions, Risk Management, Settlement, FinTech Trends, Back-Office, Blockchain/DLT, Standards, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Industry News Tagged With: automation, back office, bitcoin, Bitfinex, blockchain, cryptocurrencies, Financial Crime, fines, New York Attorney General, performance measurement, regulation, Securities Operations, Tether

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