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Genesis forfeits BitLicense, pays $8 million to settle NYDFS lawsuit
The New York State Department of Financial Services (NYDFS) announced a settlement with Genesis Global Trading, which includes an $8 million fine and the relinquishment of its license to operate with virtual currencies in New York. The NYDFS’s investigation into Genesis Global Trading —a subsidiary of Digital Currency Group (DCG) — revealed major deficiencies in […]
3 months ago
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