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BitMEX crypto platform fined $100 million for violating the law

Commodity Futures Trading Commission (CFTC) Announce Yesterday, BitMEX, a cryptocurrency exchange operating in the United States from November 2014 to October 2020, was ordered to pay $100 million for violating multiple regulations.

BitMEX was accused of being a designated contract market, swap execution tool, and futures commission merchant, without being properly registered with the CFTC, allowing US users to conduct various crypto-related transactions.

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