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Tuesday, November 18, 2025
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HomeTechCrypto company Genesis Global Trading to pay $8M penalty, surrender NY license-...

Crypto company Genesis Global Trading to pay $8M penalty, surrender NY license- regulator

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(Reuters) – The New York Department of Financial Services said Digital Currency Group subsidiary Genesis Global trading will pay an $8 million penalty and surrender its license from the regulator after an investigation found significant failings in the company’s anti-money laundering and cybersecurity programs.

(Reporting by Hannah Lang in Washington)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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