🔔Crypto exchange BitMEX pleads guilty to violating the Bank Secrecy Act (BSA), as per the U.S. Department of Justice (DOJ). The Seychelles-based platform failed to establish a sufficient know-your-customer (KYC) and anti-money laundering (AML) program from 2015 to 2020. BitMEX allowed customers to trade crypto anonymously, making it a hub for money laundering and sanctions violations. The company also admitted to lying to a foreign bank to open an account for a shell company. BitMEX's sentencing is yet to be determined. What are your thoughts on this development? Let's discuss below! 👇