Bittrex exchange is shutting down
The announcement comes over a year after Bittrex was forced to pay more than $53 million in settlements to the OFAC and FinCEN for failing to implement effective sanctions and AML compliance.
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Bittrex settles with SEC for $24M over exchange and securities violations
The charges against Bittrex stemmed from the SEC alleging that the exchange offered and sold digital assets to customers in the U.S. as an unregistered broker, exchange, and clearing agency.
Bittrex charged in Florida over failure to segregate customer assets before bankruptcy
The Florida financial watchdog charged the exchange in April, but Bittrex wanted the charges dropped, and in return, it would surrender its Florida license.
Bittrex exchange latest to face SEC charges over failure to register
At least $1.3 billion in revenue were allegedly collected by Bittrex entities acting as broker-dealers, exchanges, and clearing agencies since 2014 without prior registration with the U.S. securities regulator.