Robinhood Crypto Arm Usd 30 Million Fine Anti Money Laundering Rules New York State Regulator Robinhood

Tech

Robinhood’s Crypto Arm Fined $30 Million by New York State Department of Financial Services

ByNews Polite August 2, 2022

New York State’s financial regulator has fined the crypto arm of Robinhood $30 million (roughly Rs. 230 crore) for alleged violations of anti-money-laundering, cybersecurity and consumer protection rules. The New York State Department of Financial Services (NYDFS) said on Tuesday that Robinhood Crypto did not devote sufficient resources to address…

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