(Reuters) – The US Securities and Exchange Commission said on Monday that Poloniex has agreed to pay about $ 10.4 million to cover the cost of operating an unlicensed cryptocurrency exchange.
The US regulator said that Poloniex agreed to resolve without acknowledging or denying.
Poloniex, launched in 2014, was acquired in 2018 by Circle, a payment and digital currency company including Goldman Sachs Group Inc.
Circle announced last month that it plans to go public later this year through a merger with the acquisition company Concord Acquisition Corp. for special purposes in a deal that would value the crypto company at $ 4.5 billion.
On Monday, the SEC said that from July 201
The SEC stated that despite using its trading platform, Poloniex did not register as a national securities exchange with regulators.
"Poloniex chose increased profits over complying with federal securities laws by including digital securities on its unregistered stock exchange," said Kristina Littman, head of the SEC's compliance division cyber unit. Gensler, at a global conference last week, called on Congress to give the agency more authority to police cryptocurrency trading, lending and platforms, which he called a "wild west" filled with fraud and investor risk. Catalog