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𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚 𝐢𝐬 𝐭𝐢𝐠𝐡𝐭𝐞𝐧𝐢𝐧𝐠 𝐢𝐭𝐬 𝐠𝐫𝐢𝐩 𝐨𝐧 𝐜𝐫𝐲𝐩𝐭𝐨 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 🇰🇷
The Korea Financial Intelligence Unit (KoFIU) has taken action against foreign exchanges like #BitMEX , #KUCOIN , #CoinW , Bitunix, and KCEX for operating without registration.
Penalties may include website blocks as regulators enforce stricter oversight—following recent action against domestic platforms like Upbit.
A clear signal that unregistered crypto activities are under increased scrutiny. #RegulatoryIssues
The Korea Financial Intelligence Unit (KoFIU) has taken action against foreign exchanges like #BitMEX , #KUCOIN , #CoinW , Bitunix, and KCEX for operating without registration.
Penalties may include website blocks as regulators enforce stricter oversight—following recent action against domestic platforms like Upbit.
A clear signal that unregistered crypto activities are under increased scrutiny. #RegulatoryIssues
🚨 South Korea Cracks Down on Unregistered Crypto Exchanges! 🚨
🇰🇷 South Korea’s financial authorities are tightening their grip on foreign crypto exchanges operating without proper registration! 🚫💰 Major platforms like BitMEX, KuCoin, CoinW, Bitunix, and KCEX are under scrutiny for targeting Korean investors illegally.
🔍 According to The Korea Economic Daily, the Financial Intelligence Unit (FIU) is considering access blocks and sanctions ⚠️ against these exchanges for running Korean-language websites and marketing campaigns without approval.
📜 Under South Korea’s Specific Financial Information Act, all crypto platforms must register with the FIU to operate legally. 🚦❌ Failure to comply could lead to criminal penalties and serious consequences! 🚔⚖️
📉 The crackdown follows a similar move in 2022, when 🇰🇷 regulators blocked 16 unregistered exchanges, forcing many to exit the South Korean market. 📵 Now, the number of registered crypto firms has dropped by 26% 📊, with only 31 officially approved platforms remaining.
🔮 What’s Next? Investors in South Korea should stay alert 🧐 and ensure they use compliant exchanges to avoid disruptions! ⚡💡
#Crypto #SouthKorea #BitMEX #Regulation #CryptoNews 🚀
🇰🇷 South Korea’s financial authorities are tightening their grip on foreign crypto exchanges operating without proper registration! 🚫💰 Major platforms like BitMEX, KuCoin, CoinW, Bitunix, and KCEX are under scrutiny for targeting Korean investors illegally.
🔍 According to The Korea Economic Daily, the Financial Intelligence Unit (FIU) is considering access blocks and sanctions ⚠️ against these exchanges for running Korean-language websites and marketing campaigns without approval.
📜 Under South Korea’s Specific Financial Information Act, all crypto platforms must register with the FIU to operate legally. 🚦❌ Failure to comply could lead to criminal penalties and serious consequences! 🚔⚖️
📉 The crackdown follows a similar move in 2022, when 🇰🇷 regulators blocked 16 unregistered exchanges, forcing many to exit the South Korean market. 📵 Now, the number of registered crypto firms has dropped by 26% 📊, with only 31 officially approved platforms remaining.
🔮 What’s Next? Investors in South Korea should stay alert 🧐 and ensure they use compliant exchanges to avoid disruptions! ⚡💡
#Crypto #SouthKorea #BitMEX #Regulation #CryptoNews 🚀
🚨 South Korea Cracks Down on KuCoin & Other Crypto Exchanges!
🇰🇷 The FIU is targeting unregistered overseas exchanges, citing regulatory non-compliance.
⚠️ Platforms like KuCoin & BitMEX face increased scrutiny for failing to register as VASPs under the Specific Financial Information Act.
⚖️ Is this a step toward safer markets or a barrier to crypto innovation?
#Crypto #Regulation #KuCoin #BitMEX #Web3
🇰🇷 The FIU is targeting unregistered overseas exchanges, citing regulatory non-compliance.
⚠️ Platforms like KuCoin & BitMEX face increased scrutiny for failing to register as VASPs under the Specific Financial Information Act.
⚖️ Is this a step toward safer markets or a barrier to crypto innovation?
#Crypto #Regulation #KuCoin #BitMEX #Web3
Market Predictions: Arthur Hayes, co-founder of BitMEX, predicts that the cryptocurrency market will peak by the end of March 2025, followed by a significant correction
#MarketPredictions #ArthurHayes #BitMEX
#MarketPredictions #ArthurHayes #BitMEX
Can't shorten; would rephrase.
Cryptocurrency exchange BitMEX is looking for a buyer, CoinDesk reports.
The exchange has hired independent investment bank Broadhaven Capital Partners to facilitate the sale.
#BitMEX is looking for a buyer after a federal judge fined the company $100 million last month for violating the Bank Secrecy Act.
#cryptocurrency and derivatives exchange BitMEX is looking for a buyer and has hired independent investment bank Broadhaven Capital Partners to facilitate the sale, CoinDesk reported, citing sources.
BitMEX is looking for a buyer after a federal judge fined the exchange $100 million last month for violating the Bank Secrecy Act, a law that requires companies to report suspicious financial activity to prevent money laundering. BitMEX has been looking for a buyer since it previously admitted to violating the law in July 2024.
2025 BitMEX isn't the only exchange reportedly looking for a buyer. Cryptocurrency derivatives exchange Deribit has been gathering buyers for a potential acquisition, which at one point included digital asset exchange #Kraken , but as of Jan. 14, Deribit had not yet been officially listed for sale, The Block reported.
January trading volume on the BitMEX spot market was $15.12 million, according to The Block's Data Dashboard. The company was founded in 2014 by Arthur Hayes.
Read us at: Compass Investments
The exchange has hired independent investment bank Broadhaven Capital Partners to facilitate the sale.
#BitMEX is looking for a buyer after a federal judge fined the company $100 million last month for violating the Bank Secrecy Act.
#cryptocurrency and derivatives exchange BitMEX is looking for a buyer and has hired independent investment bank Broadhaven Capital Partners to facilitate the sale, CoinDesk reported, citing sources.
BitMEX is looking for a buyer after a federal judge fined the exchange $100 million last month for violating the Bank Secrecy Act, a law that requires companies to report suspicious financial activity to prevent money laundering. BitMEX has been looking for a buyer since it previously admitted to violating the law in July 2024.
2025 BitMEX isn't the only exchange reportedly looking for a buyer. Cryptocurrency derivatives exchange Deribit has been gathering buyers for a potential acquisition, which at one point included digital asset exchange #Kraken , but as of Jan. 14, Deribit had not yet been officially listed for sale, The Block reported.
January trading volume on the BitMEX spot market was $15.12 million, according to The Block's Data Dashboard. The company was founded in 2014 by Arthur Hayes.
Read us at: Compass Investments
#AurthurHayes , the former CEO of BitMEX, has forecasted a significant downturn in the cryptocurrency market, which he believes will occur around January 20. According to Hayes, the market is currently overestimating the potential impact of the incoming administration under President Trump. He argues that the crypto community has placed unrealistic expectations on Trump's ability to deliver on his promises, and when the reality sets in, it will likely result in a sharp correction across the market.
Hayes contends that the inevitable disillusionment following the inauguration will trigger a cascade of sell-offs, creating a ripple effect that causes widespread market volatility. The initial excitement and optimism surrounding Trump's presidency will give way to disappointment as investors realize that the political landscape may not align with the bullish projections many have hoped for.
Furthermore, Hayes warns that the crypto market's dependency on political figures for direction could leave it vulnerable to drastic shifts in sentiment. As market players begin to adjust to the new administration’s pace, the anticipation of promised economic reforms could fade, leading to a mass exodus from digital assets. This could result in a significant price drop, exacerbating the overall bearish trend that Hayes anticipates in the early months of 2025.
This prediction is a cautionary reminder that the cryptocurrency market remains highly sensitive to macroeconomic events and political developments. Investors, especially those heavily invested in digital assets, should be prepared for potential turbulence as the market responds to the unfolding realities of the new political environment.
#BitMEX #Crypto2025Trends #GrayscaleHorizenTrust #CryptoRegulation2025
Hayes contends that the inevitable disillusionment following the inauguration will trigger a cascade of sell-offs, creating a ripple effect that causes widespread market volatility. The initial excitement and optimism surrounding Trump's presidency will give way to disappointment as investors realize that the political landscape may not align with the bullish projections many have hoped for.
Furthermore, Hayes warns that the crypto market's dependency on political figures for direction could leave it vulnerable to drastic shifts in sentiment. As market players begin to adjust to the new administration’s pace, the anticipation of promised economic reforms could fade, leading to a mass exodus from digital assets. This could result in a significant price drop, exacerbating the overall bearish trend that Hayes anticipates in the early months of 2025.
This prediction is a cautionary reminder that the cryptocurrency market remains highly sensitive to macroeconomic events and political developments. Investors, especially those heavily invested in digital assets, should be prepared for potential turbulence as the market responds to the unfolding realities of the new political environment.
#BitMEX #Crypto2025Trends #GrayscaleHorizenTrust #CryptoRegulation2025
Bitcoin falls for $8.9k in Bitmex
Bitcoin experienced a significant correction, losing nearly 7% of its market cap within 24 hours. However, a dramatic turn occurred on the BitMEX platform where Bitcoin's price plummeted to $8,900 from $64,000 before swiftly rebounding to near $67,000. This was attributed to a large-scale sale of over 850 BTC by a market whale. BitMEX is investigating this unusual activity, reassuring that user funds remain secure and unaffected in their derivatives market.
#write2earn #trendingtopic #crypto #bitmex #bitcoin
$BTC
Bitcoin experienced a significant correction, losing nearly 7% of its market cap within 24 hours. However, a dramatic turn occurred on the BitMEX platform where Bitcoin's price plummeted to $8,900 from $64,000 before swiftly rebounding to near $67,000. This was attributed to a large-scale sale of over 850 BTC by a market whale. BitMEX is investigating this unusual activity, reassuring that user funds remain secure and unaffected in their derivatives market.
#write2earn #trendingtopic #crypto #bitmex #bitcoin
$BTC
Bitcoin OG expects $700,000 BTC and $160000 Ethereum in this Valhalla cycle.
The reason for this is the new US administration led by President Donald Trump.
My model is simple. This administration wants a significant reduction in interest rates and will do everything it can to achieve that, he explains. Tax cuts are just around the corner. All of this will lead to massive injections of liquidity, whether through QE or other means.
Mr. Bakhit is referring to a form of increased liquidity called quantitative easing (QE). Cyclical Valhalla is coming, he added in another post. QE is the most likely timeframe for such liquidity injections to begin.
The base case assumes ETH/USD reaches $8,000 and SOL/USD reaches $900; the high end of
range is ~2x these values, Barhydt added.
Is it possible for BTC to fall 25%?
#Bitcoin and #altcoins are often predicted to be higher this year while consolidation begins at the start of the Trump presidency.
Various major global companies have set targets of $200,000 or more. and that number will only rise over the next decade.
However, some believe that the first to be hit will be the chawlers. Arthur Hayes, former CEO of #cryptocurrency exchange #BitMEX , is one of them, and this week he warned that the new administration will not be a panacea for rising prices.
The global community is quickly realizing that just because Trump was elected, U. S. policy hasn't changed much. We understand cryptocurrency prices will fall to levels seen in the fourth quarter of 2024, he wrote in his latest blog post
My call for a bitcoin retest of $ 70000 - $ 75,000 remains valid.
Read us at: Compass Investments
#news
My model is simple. This administration wants a significant reduction in interest rates and will do everything it can to achieve that, he explains. Tax cuts are just around the corner. All of this will lead to massive injections of liquidity, whether through QE or other means.
Mr. Bakhit is referring to a form of increased liquidity called quantitative easing (QE). Cyclical Valhalla is coming, he added in another post. QE is the most likely timeframe for such liquidity injections to begin.
The base case assumes ETH/USD reaches $8,000 and SOL/USD reaches $900; the high end of
range is ~2x these values, Barhydt added.
Is it possible for BTC to fall 25%?
#Bitcoin and #altcoins are often predicted to be higher this year while consolidation begins at the start of the Trump presidency.
Various major global companies have set targets of $200,000 or more. and that number will only rise over the next decade.
However, some believe that the first to be hit will be the chawlers. Arthur Hayes, former CEO of #cryptocurrency exchange #BitMEX , is one of them, and this week he warned that the new administration will not be a panacea for rising prices.
The global community is quickly realizing that just because Trump was elected, U. S. policy hasn't changed much. We understand cryptocurrency prices will fall to levels seen in the fourth quarter of 2024, he wrote in his latest blog post
My call for a bitcoin retest of $ 70000 - $ 75,000 remains valid.
Read us at: Compass Investments
#news
Mysterious Bitcoin Whale's Massive Accumulation Sparks Speculation. 🪙🐋
In the dynamic world of cryptocurrency, a mysterious Bitcoin wallet has captured the attention of enthusiasts and experts alike. This enigmatic digital wallet surfaced with a staggering 12,071 BTC, equivalent to a jaw-dropping $531 million, within a mere 30-day span, as closely monitored by Arkham Intelligence.
Birthed into existence on November 1, this wallet has been consistently receiving Bitcoin from various addresses, with the initial transactions traced back to the BitMEX exchange, adding an extra layer of intrigue to its origins.
Speculation by Lark Davis:
Lark Davis, the visionary founder of Wealth Mastery, speculates that institutional investors may be strategically positioning themselves ahead of a potential approval of a spot Bitcoin ETF. This speculation gains weight as the wallet's accumulation coincides with the SEC's engagements with notable players like Grayscale and BlackRock.
SEC Engagement and ETF Approval Expectations:
The recent formal engagements between the SEC and asset managers, as revealed in a memo, hint at a potential decision regarding the approval of a Bitcoin exchange-traded fund (ETF). Industry experts are optimistic about the launch of crypto ETFs in the U.S. early next year, creating a ripple of bullish sentiments.
Insights from Grayscale's Chief Legal Officer:
Grayscale's Chief Legal Officer, Craig, contributes to the positive momentum narrative in discussions between regulators and the cryptocurrency industry. He expresses confidence that spot Bitcoin ETFs are not a matter of "if" but "when," with key focal points for 2024 being ETF progress, the upcoming election, and ongoing legal matters enhancing regulatory clarity.
Significance of ETF Approval:
James Lavish, a crypto influencer, highlights ETF approval's crucial role in mainstream acceptance, framing Bitcoin as "digital gold." Despite regulatory doubts, he leans towards taxation as a more likely scenario.
#BTC #whale #BITMEX #ETF #ARKHAM
In the dynamic world of cryptocurrency, a mysterious Bitcoin wallet has captured the attention of enthusiasts and experts alike. This enigmatic digital wallet surfaced with a staggering 12,071 BTC, equivalent to a jaw-dropping $531 million, within a mere 30-day span, as closely monitored by Arkham Intelligence.
Birthed into existence on November 1, this wallet has been consistently receiving Bitcoin from various addresses, with the initial transactions traced back to the BitMEX exchange, adding an extra layer of intrigue to its origins.
Speculation by Lark Davis:
Lark Davis, the visionary founder of Wealth Mastery, speculates that institutional investors may be strategically positioning themselves ahead of a potential approval of a spot Bitcoin ETF. This speculation gains weight as the wallet's accumulation coincides with the SEC's engagements with notable players like Grayscale and BlackRock.
SEC Engagement and ETF Approval Expectations:
The recent formal engagements between the SEC and asset managers, as revealed in a memo, hint at a potential decision regarding the approval of a Bitcoin exchange-traded fund (ETF). Industry experts are optimistic about the launch of crypto ETFs in the U.S. early next year, creating a ripple of bullish sentiments.
Insights from Grayscale's Chief Legal Officer:
Grayscale's Chief Legal Officer, Craig, contributes to the positive momentum narrative in discussions between regulators and the cryptocurrency industry. He expresses confidence that spot Bitcoin ETFs are not a matter of "if" but "when," with key focal points for 2024 being ETF progress, the upcoming election, and ongoing legal matters enhancing regulatory clarity.
Significance of ETF Approval:
James Lavish, a crypto influencer, highlights ETF approval's crucial role in mainstream acceptance, framing Bitcoin as "digital gold." Despite regulatory doubts, he leans towards taxation as a more likely scenario.
#BTC #whale #BITMEX #ETF #ARKHAM
🚨 #BitMEX fined an additional $100 million for violating the Bank Secrecy Act, according to the DOJ 🇺🇸
Historic 711 340000
-historic 711340000 Bitcoin (BTC) Positions Have Been Liqui
dated To Surpass 93,000 In Historic Rally - Daily Hodl Bitcoin (BTC) broke the $993,000 mark for the first time in its history on Wednesday and liquidated more than 700 million traders in the process.
According to crypto exchange data aggregator Coinglass, positions worth 711,340000 bitcoins were liquidated in the past 24 hours, while short #BTC positions suffered the most losses. Binance, the world's largest exchange, accounted for the most liquidations, followed by OKX and Bybit.
#Bitcoin has since corrected and at the time of writing is trading at 9,592,462, up 5.5% in the last 24 hours and 24% in the last week.
Some traders and analysts are predicting BTC targets as the flagship #cryptocurrency enters an apparent price rally. An analyst with the nickname Dave The Wave told his 147,000 followers on social media platform X that bitcoin is in the midst of a surge, having passed the $100,000 mark and "entering the final stage of a parabolic jump" that will end near the $130,000 level.
The technical challenges of BTC and the possible direction of the parabola...
Robert Kiyosaki, author of "Rich Dad, Poor Dad, recently revealed his plans to continue accumulating bitcoin until it exceeds 10 million pounds.
On social media platform X, Kiyosaki said that the $100,000 price point is a good place to stop saving because "now is not the time to be greedy.
Pigs get killed. Don't be a pig.
Arthur Hayes, founder of #BitMEX , said that the administration of incoming President Donald Trump will have a huge impact on quantitative easing (QE) and a weaker dollar, which could raise BTC to 1,100 million.
Read us at: Compass Investments
#GlobalCrypto
dated To Surpass 93,000 In Historic Rally - Daily Hodl Bitcoin (BTC) broke the $993,000 mark for the first time in its history on Wednesday and liquidated more than 700 million traders in the process.
According to crypto exchange data aggregator Coinglass, positions worth 711,340000 bitcoins were liquidated in the past 24 hours, while short #BTC positions suffered the most losses. Binance, the world's largest exchange, accounted for the most liquidations, followed by OKX and Bybit.
#Bitcoin has since corrected and at the time of writing is trading at 9,592,462, up 5.5% in the last 24 hours and 24% in the last week.
Some traders and analysts are predicting BTC targets as the flagship #cryptocurrency enters an apparent price rally. An analyst with the nickname Dave The Wave told his 147,000 followers on social media platform X that bitcoin is in the midst of a surge, having passed the $100,000 mark and "entering the final stage of a parabolic jump" that will end near the $130,000 level.
The technical challenges of BTC and the possible direction of the parabola...
Robert Kiyosaki, author of "Rich Dad, Poor Dad, recently revealed his plans to continue accumulating bitcoin until it exceeds 10 million pounds.
On social media platform X, Kiyosaki said that the $100,000 price point is a good place to stop saving because "now is not the time to be greedy.
Pigs get killed. Don't be a pig.
Arthur Hayes, founder of #BitMEX , said that the administration of incoming President Donald Trump will have a huge impact on quantitative easing (QE) and a weaker dollar, which could raise BTC to 1,100 million.
Read us at: Compass Investments
#GlobalCrypto
👀 BitMEX bị phạt 100 triệu USD vì vi phạm luật chống rửa tiền
Từ năm 2015 đến 2020, BitMEX không thực hiện đầy đủ các biện pháp AML và KYC, cho phép rửa tiền và giao dịch bất hợp pháp với khách hàng Hoa Kỳ. Kết quả là, sàn giao dịch phải chịu mức phạt 100 triệu USD từ các cơ quan Hoa Kỳ.
Ban lãnh đạo BitMEX bị cáo buộc bỏ qua các cảnh báo nội bộ về tuân thủ để ưu tiên mở rộng nhanh chóng. Sau án phạt, BitMEX đã cải tổ hệ thống tuân thủ, áp dụng quy trình KYC nghiêm ngặt hơn, nhưng uy tín của sàn đã chịu thiệt hại nặng nề.
Vụ việc nhấn mạnh sự quyết tâm của các cơ quan chức năng trong việc kiểm soát ngành tiền điện tử, yêu cầu mọi sàn giao dịch phải tuân thủ nghiêm ngặt các quy định tài chính.
#BitMEX #sangiaodich
Từ năm 2015 đến 2020, BitMEX không thực hiện đầy đủ các biện pháp AML và KYC, cho phép rửa tiền và giao dịch bất hợp pháp với khách hàng Hoa Kỳ. Kết quả là, sàn giao dịch phải chịu mức phạt 100 triệu USD từ các cơ quan Hoa Kỳ.
Ban lãnh đạo BitMEX bị cáo buộc bỏ qua các cảnh báo nội bộ về tuân thủ để ưu tiên mở rộng nhanh chóng. Sau án phạt, BitMEX đã cải tổ hệ thống tuân thủ, áp dụng quy trình KYC nghiêm ngặt hơn, nhưng uy tín của sàn đã chịu thiệt hại nặng nề.
Vụ việc nhấn mạnh sự quyết tâm của các cơ quan chức năng trong việc kiểm soát ngành tiền điện tử, yêu cầu mọi sàn giao dịch phải tuân thủ nghiêm ngặt các quy định tài chính.
#BitMEX #sangiaodich
📉 Arthur Hayes predicts a massive drop
The former Bitmex CEO believes that the crypto market will crash on January 20 due to Trump’s inauguration.
📌 Hayes stated that the crypto community has placed too many expectations on the future president — Trump simply won’t be able to fulfill all his promises.
This realization, according to Hayes, will trigger a wave of sell-offs and market downturns.
#BitMEX #Crypto2025Trends #GrayscaleHorizenTrust
The former Bitmex CEO believes that the crypto market will crash on January 20 due to Trump’s inauguration.
📌 Hayes stated that the crypto community has placed too many expectations on the future president — Trump simply won’t be able to fulfill all his promises.
This realization, according to Hayes, will trigger a wave of sell-offs and market downturns.
#BitMEX #Crypto2025Trends #GrayscaleHorizenTrust
🚨 #ArthurHayes Warns of Major Crypto Market Crash! 🚨
Former BitMEX CEO, Arthur Hayes, is forecasting a significant downturn in the cryptocurrency market around January 20th, 2025. 📉 Hayes believes the market is overestimating the impact of President Trump’s administration, with unrealistic expectations about his ability to deliver on promises. 😬
He argues that the inevitable disillusionment after the inauguration will trigger a wave of sell-offs, leading to widespread volatility. The initial excitement surrounding Trump’s presidency will quickly fade, as investors realize the political landscape may not align with the bullish projections many had hoped for. ⚡
Hayes also warns that the crypto market’s dependency on political figures for direction makes it vulnerable to drastic shifts in sentiment. As promised economic reforms fade, it could cause a mass exodus from digital assets, intensifying the bearish trend he predicts for the first months of 2025. 🚨
This is a reminder that the crypto market remains highly sensitive to macroeconomic events and political developments. If you’re heavily invested in digital assets, get ready for potential turbulence as the new political reality sets in. 🌪️
#BitMEX #GrayscaleHorizenTrust #CryptoRegulation2025 #MarketCrashAlert
Former BitMEX CEO, Arthur Hayes, is forecasting a significant downturn in the cryptocurrency market around January 20th, 2025. 📉 Hayes believes the market is overestimating the impact of President Trump’s administration, with unrealistic expectations about his ability to deliver on promises. 😬
He argues that the inevitable disillusionment after the inauguration will trigger a wave of sell-offs, leading to widespread volatility. The initial excitement surrounding Trump’s presidency will quickly fade, as investors realize the political landscape may not align with the bullish projections many had hoped for. ⚡
Hayes also warns that the crypto market’s dependency on political figures for direction makes it vulnerable to drastic shifts in sentiment. As promised economic reforms fade, it could cause a mass exodus from digital assets, intensifying the bearish trend he predicts for the first months of 2025. 🚨
This is a reminder that the crypto market remains highly sensitive to macroeconomic events and political developments. If you’re heavily invested in digital assets, get ready for potential turbulence as the new political reality sets in. 🌪️
#BitMEX #GrayscaleHorizenTrust #CryptoRegulation2025 #MarketCrashAlert
🚨 BitMEX Fined $100 Million for AML Failures 🚨
(Today crypto news)
Cryptocurrency exchange BitMEX has been fined $100 million for failing to implement adequate anti-money-laundering (AML) and know-your-customer (KYC) programs. 💵❌ This fine, imposed on Wednesday, is much lower than the $417 million initially proposed by prosecutors.
BitMEX pled guilty to violating the Bank Secrecy Act in July and was sentenced to two years of probation in Manhattan federal court. 📜 The exchange acknowledged the fine as “old news” and assured that it had already been working on improving its user verification and AML/KYC programs before the charges. 🔒
This serves as a reminder to all exchanges to uphold strict compliance standards. ⚖️
#BitMEX #AML #CryptoNews #CryptoCompliance #CryptoIndustry
(Today crypto news)
Cryptocurrency exchange BitMEX has been fined $100 million for failing to implement adequate anti-money-laundering (AML) and know-your-customer (KYC) programs. 💵❌ This fine, imposed on Wednesday, is much lower than the $417 million initially proposed by prosecutors.
BitMEX pled guilty to violating the Bank Secrecy Act in July and was sentenced to two years of probation in Manhattan federal court. 📜 The exchange acknowledged the fine as “old news” and assured that it had already been working on improving its user verification and AML/KYC programs before the charges. 🔒
This serves as a reminder to all exchanges to uphold strict compliance standards. ⚖️
#BitMEX #AML #CryptoNews #CryptoCompliance #CryptoIndustry
🚨 Another Crypto Crash Coming?! 🗿🗿 Arthur Hayes’ Bold Prediction for January 2025 🚨
Arthur Hayes, Co-Founder of BitMEX, has made waves with a controversial prediction: the crypto market could crash on January 20, 2025, the day Donald Trump is inaugurated as US President. But why does Hayes think this? 🤔
🔍 Here’s Why He Believes a Crash is Possible:
1️⃣ Profit-Taking After a Rally: After a big surge in crypto prices, major investors may cash out, causing a sharp pullback 📉.
2️⃣ No Immediate Bitcoin Reserves: Hayes is skeptical that the US government will immediately implement Bitcoin as a strategic reserve, which could lead to a lack of institutional support 💼.
3️⃣ Trump’s Dollar Strategy: As President, Trump is expected to focus on devaluing the dollar against gold to boost US manufacturing, which might create turbulence for digital assets 🏦.
🚨 Is This The Beginning of Another Crash?
Hayes is making some bold assumptions, but remember — this is just a prediction, not a certainty! The future of crypto remains volatile, and anything could happen. 🌪️
🔮 What Do You Think?
Will Trump’s inauguration trigger the predicted crash? Or is it all just speculation? Drop your thoughts below! 👇
#Binance #CryptoCrash
#ArthurHayes
#BitMEX
#CryptoPrediction
#DonaldTrump #DYOR #CryptoVolatility #Bitcoin
Arthur Hayes, Co-Founder of BitMEX, has made waves with a controversial prediction: the crypto market could crash on January 20, 2025, the day Donald Trump is inaugurated as US President. But why does Hayes think this? 🤔
🔍 Here’s Why He Believes a Crash is Possible:
1️⃣ Profit-Taking After a Rally: After a big surge in crypto prices, major investors may cash out, causing a sharp pullback 📉.
2️⃣ No Immediate Bitcoin Reserves: Hayes is skeptical that the US government will immediately implement Bitcoin as a strategic reserve, which could lead to a lack of institutional support 💼.
3️⃣ Trump’s Dollar Strategy: As President, Trump is expected to focus on devaluing the dollar against gold to boost US manufacturing, which might create turbulence for digital assets 🏦.
🚨 Is This The Beginning of Another Crash?
Hayes is making some bold assumptions, but remember — this is just a prediction, not a certainty! The future of crypto remains volatile, and anything could happen. 🌪️
🔮 What Do You Think?
Will Trump’s inauguration trigger the predicted crash? Or is it all just speculation? Drop your thoughts below! 👇
#Binance #CryptoCrash
#ArthurHayes
#BitMEX
#CryptoPrediction
#DonaldTrump #DYOR #CryptoVolatility #Bitcoin
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