Cryptocurrency giant Coinbase strikes a $100 million deal with New York regulators

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Coinbase is a U.S.-based publicly traded cryptocurrency exchange. Chris Delmas]/AFP via Getty Images

Chris Delmas]/AFP via Getty Images

Coinbase, a publicly traded cryptocurrency exchange, will pay $100 million in fees because of “significant failures in its compliance program” that violated New York state laws.

Wednesday’s announcement of the settlement between Coinbase and the New York State Department on Financial Services comes on the heels of other actions by other regulatory agencies to monitor cryptocurrency companies. Those efforts have gained urgency after the November

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