The US cryptocurrency exchange Coinbase (COIN.US) reached settlement with the New York Department of Financial Services, under which it is forced to pay a $50 million fine for allowing customers to open accounts without complying with the relevant KYC/AML procedures. Additionally company will spend $50 million to improve compliance and support the compliance systems. Investors welcomed this news as the deal removes some regulatory pressure from publicly-listed companies from the crypto sector. As a result the Coinbase share price jumped nearly 12% during today's session.
Coinbase (COIN.US) stock fell 86.0% in 2022, however starts new year in more optimistic tone. Source: xStation5
Market Wrap: Capital Flows Back into Tech; ASML Rises 2.5%🚀
Oil prices retreat and chip stocks rally, as market normalize to lates flare up
US100 rebounds 1% 🔼SK hynix attracts record demand ahead of Nasdaq debut.
Does Iran actually want a “deal”? Trump shifts his narrative on Iran and Spain 💡
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
