Golden Finance reported that the U.S. Securities and Exchange Commission (SEC) announced on Monday that cryptocurrency miner BIT Mining has agreed to pay a $4 million fine to settle the commission's charges of its involvement in a bribery scheme involving Japanese officials. The U.S. SEC stated that BIT Mining Ltd. (formerly known as 500.com Limited) paid $2.5 million in cash bribes and gifts between 2017 and 2019, including bribes and gifts to Japanese lawmakers in an attempt to win bids for opening casino resorts in Japan. In a parallel action, the Department of Justice announced that an agreement had been reached, with BIT Mining agreeing to pay a $10 million criminal fine, of which $4 million will be paid to the U.S. SEC by the company.