President Donald Trump is said to be a pardon for the three founders of Crypto Exchang Bitmex, including Arthur Hayes, a prominent investor in Crypto.
According to a new a report Written by CNBC, Trump pardoned Hayes, Benjamin Dello and Samuel Reed on Thursday, after nearly three years after they acknowledged that they were guilty of violating the banking confidentiality law by failing to create sufficient protocols to combat money laundering.
At that time, the tripartite public prosecutors were accused of running Bitmex as if it were a “money laundering platform”, instead of implementing the usual customer verification standards (KYC), which is a group of regulations designed to believe the customer’s identity as a way to prevent crime.
“From 2014 to approximately 2020, Bitmex allowed customers to reach its basic system and conduct trading derivative without adequate customer care – collecting only an email address and failed to verify the customer’s identity.”
Hayes and Delo Warda received the surveillance sentences and forced to pay tens of millions of dollars from fines.
In July of last year, Bitmex himself – which was established for about a decade – admitted that he was guilty of violating the banking secrecy law as well. At that time, US Prosecutor Damian Williams said that the strange exchange of encryption was a threat to the American financial system.
Williams said,
Bitmex opened itself as a means of extensive money laundering plans, which is a serious threat to the safety of the financial system. [This] The approval of guilt again indicates the need for cryptocurrencies to comply with American law if they benefit from the United States market. “
Follow us xfor Facebook and cable
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Created Image: Midjourney
