FinCEN Fines Paxful $3.5 Million for Compliance Violations
The U.S. Treasury’s Financial Crimes Enforcement Network (anti–money laundering bureau) issued the penalty against peer-to-peer crypto marketplace Paxful.
Summary
No Summary provided as the original text is short
Terms & Concepts
FinCEN: The Financial Crimes Enforcement Network, a U.S. Treasury bureau that combats money laundering and financial crimes.
Peer-to-peer crypto marketplace: A platform enabling users to trade cryptocurrencies directly with each other, without intermediaries.