E-Currency Exchange Fined $110M, Charged With Laundering

Law360, New York (July 27, 2017, 4:37 PM EDT) — The federal government slapped digital currency exchange BTC-e with a $110 million fine and charged both the exchange and one of its operators with handling payments related to criminal activity like the hack against bitcoin exchange Mt. Gox, a move the U.S. Treasury Department on Thursday called its first action against a foreign money-services business.

The department’s Financial Crimes Enforcement Network issued the civil penalty against BTC-e and a $12 million fine against operator Alexander Vinnik on Wednesday, the same day the U.S. Department of Justice…

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