BitMEX agrees to pay USD 100 mln to settle US charges

The exchange was not registered to accept these funds, and it also failed to conduct customer due diligence, according to the press release. The US Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN) unit of the US Treasury Department alleged that for six years, BitMEX sold cryptocurrency derivatives to US customers without properly registering with US authorities.

US authorities said BitMEX also failed to implement and maintain proper compliance programs to identify customers and prevent money laundering. The exchange also failed to report suspicious activity.