Many issues were addressed following Trump’s assumption of office; however, negativity surrounding cryptocurrencies continues. Despite resolving its issues with the U.S. Department of Justice, Bitcoin $93,634‘s price did not respond as expected. Losses in altcoins have approached nearly 8% for many assets.
OKX and the U.S. Department of Justice
Today, Aux Cayes FinTech announced the conclusion of an investigation initiated by the U.S. Department of Justice due to operating without a money transmitter license. To resolve the matter, the company agreed to pay a fine of 84 million dollars and refund approximately 421 million dollars in fees earned from U.S. customers during the relevant period.
In the announcement made by OKX at the time of writing, details included the company’s proactive steps to address compliance issues. The company hired a compliance consultant to h…
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