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NY Fines Crypto Trader $8M For Data Security, Other Failings

By Allison Grande (January 12, 2024, 5:44 PM EST) -- Genesis Global Trading Inc. will pay an $8 million penalty and surrender its BitLicense to resolve the New York financial regulator's allegations that the digital trader fell short of implementing appropriate safeguards to comply with the state's groundbreaking virtual currency and cybersecurity regulations, the agency said Friday. ...

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