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cryptonews 2024-01-10 16:51:51

Crypto Companies Fined $5.8 Billion In 2023, TradFi Less Than $900 Million

Source: Pixabay Crypto companies received more fines for poor money controls than traditional financial firms for the first time ever in 2023, according to data compiled by the Financial Times. In fact, the penalties were hardly comparable. Whereas crypto companies lost $5.8 billion for inadequate customer checks and anti-money laundering controls, their legacy counterparts paid The post Crypto Companies Fined $5.8 Billion In 2023, TradFi Less Than $900 Million appeared first on Cryptonews .

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