BitMEX Crypto Platform Hit with $100 Million Fine for Breaking Laws

BitMEX Crypto Platform Hit with $100 Million Fine for Breaking Laws

The Commodity Futures Trading Commission (CFTC) announced yesterday that BitMEX, a cryptocurrency exchange that operated in the U.S. from November 2014 to October 2020, was ordered to pay $100 million for violating numerous regulations. BitMEX was accused of serving as a Designated Contract Market, Swap Execution Facility, and Futures Commission Merchant without the appropriate registration…